Solana Outpaces Every Other Blockchain in 24-Hour Trading Volume
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Solana has done it again, taking a massive lead in onchain trading volume and leaving its competitors in the dust. Over the past 24 hours, Solana clocked in a staggering $13.22 billion, which accounts for 52% of all activity across blockchains. That’s more than triple Ethereum’s volume and four times that of Binance Smart Chain.
How the Numbers Look
Here’s the breakdown:
- Solana: $13.22 billion (52.04%)
- Ethereum: $4.37 billion (17.21%)
- BSC: $3.21 billion (12.63%)
- Arbitrum: $1.27 billion (4.98%)
- Base: $1.24 billion (4.89%)
Meanwhile, blockchains like Sui and Hyperliquid barely hit the $250 million mark, making Solana’s dominance even more impressive.
Why Is Solana Crushing It?
Solana’s secret sauce lies in being fast, cheap, and scalable—all the things users love in a blockchain. While Ethereum’s gas fees can still sting, Solana offers a smooth and low-cost experience, making it the go-to choice for DeFi platforms, gaming, NFTs, and token launches.
It’s not just about tech, though. Solana has built momentum in communities and projects that demand high-speed transactions, and it’s paying off big time. Whether it’s decentralized exchanges or new Web3 experiments, Solana is where the action’s happening.
What Does This Mean?
This isn’t just a win for Solana—it’s a wake-up call for the entire blockchain ecosystem. Ethereum and Binance Smart Chain have long been seen as the powerhouses, but Solana’s numbers show that users are looking for alternatives that deliver on performance.
For now, Solana is setting the pace, and its dominance is forcing competitors to rethink their game. The big question is: can Solana keep this up, or will we see Ethereum and others bounce back? One thing’s for sure—this blockchain isn’t just keeping up; it’s pulling ahead.
It’s safe to say Solana’s having a moment, and everyone else is just trying to catch up.
Source: Solana Floor
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