TLDR
Solana (SOL) led DEX volume this week, with multiple days topping chain?level flows and daily spot DEX highs on the network reported mid?week Solana daily spot DEX high.
- Ethereum (ETH) and BNB Smart Chain (BNB) alternated in second place on different days, per chain?level snapshots ETH second and BNB second.
- Non?EVM leaders behind SOL were Sui (SUI) and NEAR on daily readings, indicating rising activity off EVM non?EVM daily DEX volumes.
- Within Solana, Jupiter continues to process the majority of weekly trading on the network, consolidating liquidity Jupiters aggregation share.
Deep Dive
1. Solana Leadership
Solana stood out with the strongest spot DEX activity this week. A network update highlighted a 38?day high in daily spot DEX volume on Solana, pointing to sustained on?chain trading momentum Solana daily spot DEX high.
- Chain?level snapshots show SOL repeatedly ranking first by daily DEX volume across multiple days SOL top daily volumes.
- Aggregation on Solana remains concentrated. Jupiter is reported to process the majority of weekly trading, helping route flow and reduce slippage across Solana venues Jupiters aggregation share.
Liquidity is clustering on Solana, so price discovery for many tokens there is increasingly driven by on?chain DEX depth rather than centralized venues.
2. ETH and BNB Runner?Ups
Second place rotated between Ethereum and BNB Smart Chain on different days this week.
- A daily snapshot posted ETH as the second?highest chain by DEX volume on Dec 31 %%CKPROTECTED0%%.
- Another daily reading two days earlier showed BNB in second place behind SOL BNB second.
Runner?up positions can flip day to day based on incentives, pair activity, and meme flows; watch gas regimes and active pools for near?term leadership shifts.
3. Non?EVM Movers
Beyond EVM, Sui and NEAR showed notable daily DEX volumes, ranking behind SOL in several snapshots.
- A non?EVM breakdown reported SOL first, SUI second, NEAR third, with sizable daily volumes non?EVM daily DEX volumes.
Non?EVM ecosystems are gaining traction. If spreads and routing improve, flows can persist and broaden beyond EVM?centric activity.
Conclusion
This weeks DEX volume leadership skewed toward Solana, with ETH and BNB alternating as runners?up and Sui/NEAR strengthening among non?EVM chains. The practical takeaway is that liquidity is rotating toward chains where execution is fastest and routing is most efficient; monitoring daily gas conditions, incentive programs, and leading aggregators helps anticipate which chain leads on any given day.
CoinsKid.Com