Ethereum Leads DEX Trading Volume with $16.43 Billion

2 mins mins

Key Points:

Ethereum regains leadership in DEX volume, surpassing Solana and BNB Chain.
Trading volume hits $16.43 billion in a day.
Lido leads fee generation among Ethereum protocols, collecting $1.45 million.

Summarizing recent data, Ethereum registered the highest decentralized exchange (DEX) trading volume of $16.43 billion within the past 24 hours, according to DeFiLlama. It surpassed Solana and BNB Chain during April 2, 2025.

The surge in trading volume emphasizes Ethereum’s market resilience, bolstered by strong infrastructure and liquidity provision. It also triggers a noteworthy recovery from Solana’s previous leadership.

Ethereum’s $16.43 Billion Volume Surge Reshapes DEX Leadership

Ethereum reported a significant uptick in DEX activity, recording a 24-hour trading volume of $16.43 billion. This reestablished its earlier lost position to Solana, confirming Ethereum’s resilience driven by robust DeFi participation, as highlighted by analysts at QCP Capital. With Lido leading in fee generation, a strong Ethereum protocol count further solidifies its standing. Ethereum’s emergence as the leader is also fueled by anticipation surrounding the upcoming Pectra mainnet upgrade, suggested by analysts at QCP Capital.

The trading landscape shifts as Ethereum outpaces Solana, whose decline is attributed to waning speculative memecoin interest. Ethereum’s restored dominance underscores market confidence despite high transaction costs, setting the stage for upcoming technological enhancements aiming to improve scalability and user experience.

Ethereum’s dominance in DEX trading aligns with its strong infrastructure and liquidity provision, despite relatively higher transaction costs compared to Solana,” said analysts at DefiLlama.

Ethereum’s Current Market Position and Future Prospects

Did you know? Ethereum has consistently been a leader in the DeFi space, often setting benchmarks for trading volumes and protocol developments.

During April 2025, Ethereum’s DEX trading volume surpassed Solana and BNB Chain, reflecting its strong DeFi infrastructure and setting a new benchmark since September 2024.

ethereum-daily-chart-29 — Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 06:26 UTC on April 2, 2025. *Source: CoinMarketCap*

Insights from the Coincu research team underscore reactions to upcoming Ethereum updates, with Solana’s underperformance highlighting its reliance on memecoin speculation. Ethereum’s upgrades may fuel advances in transaction cost efficiency, marking a pivotal period for the DeFi ecosystem.