Why Solana Outpaced Ethereum: The Role of DEX Revenue

🚀 Why Has Solana Outpaced Ethereum? The Answer Lies in DEXs
(🚀 Why Has Solana Outpaced Ethereum? The Answer Lies in DEX)

⭐️ Please check the English version at the link below.
x.com19664530756543…

Over the past 30 days, Solana generated more than twice as much revenue as Ethereum.

The DEX market was central to that performance. Pump.fun’s active user count has been rising steadily, while combined revenue from Pump.fun and Axiom has climbed close to that of global stablecoin company Circle.

The data suggests that growth in DEX activity is directly driving Solana’s gains.

📊 Additional Data
• Solana app ecosystem revenue over the past 30 days: approximately $210 million or more, over twice Ethereum’s total
• Pump.fun revenue: approximately $53 million, with over $800 million cumulatively
• Axiom Pro revenue: approximately $51 million; reached $200 million within 202 days of launch
• Network revenue on-chain: approximately $4.5 million → most revenue came from apps, particularly DEX-related apps
• DEX trading volume: exceeded Ethereum’s DEX volume during some periods, with market share rising

📈 Support for the Price Rally
This app-driven growth and DEX activity have also been reflected in the price.
SOL is currently trading between $230 and $240, up more than 15% over the past week.
After breaking through resistance at $220, the market is watching the next resistance area at $240 and above.
In other words, revenue growth led by DEXs is boosting investor expectations and sentiment alongside the price rally.

🔑 Takeaway
The data points to DEXs and the app ecosystem as the drivers of Solana’s strength:
• Rapid growth in DEXs and the app ecosystem is driving revenue
• Leading apps such as Pump.fun and Axiom are quickly increasing their active user counts and trading volume
• These gains are translating into higher market share and prices
The answer to “Why has Solana outpaced Ethereum?” is therefore:
👉 “The DEX market is driving Solana.”

📌 Sources
• Solana Leads With 2.5x Ethereum’s Revenue — cryptorank.io02dba-no-chain…
• No Chain Comes Close as Solana Pulls Ahead — thecurrencyanalytics.comno-chain-comes…
• Pump.fun protocol data — defillama.compump.fun
• Axiom: Fastest Solana App to $200M — solanafloor.comsolana-trading…
• CoinMarketCap (Solana Price) — coinmarketcap.comsolana
• TheCurrencyAnalytics (Solana Price Breaks $220) — thecurrencyanalytics.comsolana-price-b…

For informational purposes only. Not financial advice. Invest at your own risk.
This material is for informational purposes and is not investment advice. You are responsible for your own investment decisions.