According to GeckoTerminal, Solana processed 14,185,459 transactions in the past 24 hours, surpassing Ethereum’s 268,621 transactions. Solana’s total value locked (TVL) in decentralized exchanges reached $75.73 billion, exceeding Ethereum’s $5.58 billion.
Additionally, Solana recorded a 24-hour trading volume of $4.12 billion, over three times Ethereum’s $1.48 billion.
GeckoTerminal tracks six main DEXes on the Solana network and 640,576 pools, supporting 576,680 tokens. In comparison, Ethereum has 54 DEXes, 379,706 pools, and 355,600 tokens. Despite having fewer DEXes, Solana’s network activity and liquidity are higher based on these metrics.
Other networks like Base, BNB Chain, and Cronos also rank among the top five by DEX TVL. Base ranks second with a TVL of $4.51 billion and 1,793,904 transactions in the past 24 hours. BNB Chain and Cronos follow with varying figures in transactions and TVL.

Rank
Name
TVL
24h Volume
24h Transactions
Total DEXes
Total Pools
Total Tokens

1
Solana
$75,731,228,849.92
$4,124,882,233.21
14,185,459
6
640,576
576,680

3
Ethereum
$5,576,125,317.64
$1,475,778,717.02
268,621
54
379,706
355,600

2
Base
$4,509,794,024.89
$1,294,314,999.99
1,793,904
71
879,057
855,744

4
BNB Chain
$1,352,512,780.10
$655,219,372.09
983,500
116
1,619,917
1,478,182

5
Cronos
$948,288,513.08
$3,725,683.07
16,626
24
27,410
19,976

However, when assessing total value locked (TVL) across all chains, including staking, Ethereum leads with $49.96 billion, according to DeFiLlama. The network hosts 1,203 protocols and has 329,968 users in the past 24 hours. Although Ethereum’s TVL decreased by 1.23% over the last day, it saw a 6.13% increase in the past week and a 1.94% rise over the past month.
Tron ranks second with a TVL of $6.979 billion, supporting 34 protocols and attracting 2.28 million users in the last 24 hours. Solana follows closely with a TVL of $6.233 billion, hosting 171 protocols and recording 5.49 million users. Notably, Solana experienced an 11.68% increase in TVL over the past month despite a 3.03% decrease on the last day.
Binance Smart Chain is fourth, with a TVL of $4.648 billion, encompassing 805 protocols and 932,632 users in the past 24 hours. Base ranks fifth with a TVL of $2.626 billion and 1.32 million users. Over the past month, Base’s TVL grew by 15.68%, indicating significant adoption.

Rank
Name
TVL
Stables
24h Volume
24h Fees
Mcap/TVL

1
Ethereum
$49.96b
$83.699b
$1.498b
$4.97m
6.36

2
Tron
$6.979b
$60.557b
$34.78m
$1.7m
2.1

3
Solana
$6.233b
$3.755b
$1.578b
$3.74m
13.17

4
BSC
$4.648b
$5.477b
$694.95m
$313,670
18.31

5
Base
$2.626b
$3.788b
$1.305b

These figures provide a broader perspective on network activity by including all forms of TVL, not just decentralized exchanges.
The post Solana records over 3x Ethereum DEX volume with 14 million transactions in past 24 hours appeared first on CryptoSlate.

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