Solana DEX volume falls to near parity with Ethereum

Frank Chaparro, head of content at crypto market-making firm GSR, said on X that monthly decentralized exchange (DEX) trading volumes on Solana and Ethereum are now nearly identical at approximately $45 billion each. He noted that Solana's DEX trading volume for May has dropped to 94% of Ethereum's, a sharp decrease from its peak of 218% in January.