Last month, trading volume on the Ethereum network surged by 92.4%, reaching $69.67 billion. The BNB Smart Chain ranked third, accounting for 15.1% of the total trading turnover across all DEXs, with a trading volume of $28.5 billion in March, representing a 161.1% increase over the previous month. At the end of the reporting period, the blockchain had $10.9 billion. According to CoinGecko, the total trading volume on DEXs reached $190 billion, more than double the previous month’s figure of $81 billion.
In the fourth quarter of 2023, Ethereum’s share was 46.8%. In January and February 2024, Arbitrum briefly overtook Ethereum’s dominance, with Ethereum having a 31.2% and 30.1% market share, while Arbitrum held 39.1% and 39.7% during the same period. The trading volume within the network continues to grow. Solana demonstrated significant growth, with its trade turnover increasing from $18.18 billion to $62.31 billion.
Quarterly, this figure increased by 242.7%. The Jupiter platform was the segment leader with $2.66 billion, followed by Raydium at $2.4 billion.