Since October 2024, Solana accumulates greater volume of trade in Dex than Ethereum. Ethereum retains a greater TVL than Solana. The rivalry between Solana (Sol) and Ethereum (ETH) has reached new levels. At present, on-chain metric indicate that the Solana ecosystem is surpassing Ethereum's in terms of activity and adoption. What are the measurements that favor Solana over Ethereum? Here the answer:
Solana accumulates more volume in Dex since October
From October 2024 to the present, the network Solana records a greater volume of trade in its decentralized exchanges (DEX), compared to those of Ethereum. So far from February, Solana exceeds 53 billion dollars in volume of trade in its DEX, while the network co -founded by Vitalik Buterin accumulates 32,000 million dollars, according to defillion data.
Solana surpasses Ethereum in Commerce volume in Dex since October. Source: Defillama. With respect to the volume of trade in Dex, the most bulky difference occurred in January 2025, when Solana finished that month with more than 260,000 million dollars and Ethereum below 90,000 million dollars. Additionally, from the end of 2023 to the present, Solana shows significantly greater adoption in terms of daily active accounts compared to Ethereum. According to data from the Artemis platform, on February 10, Solana registers 6.6 million active addresses, compared to 500 thousand Ethereum.
Solana has more active users than Ethereum. Source: Artemis. The largest amount of active daily addresses, as well as a greater operation in volume of trade, may probably be explained by the fever that the market feels by the memecoins of the solana ecosystem, such as those issued by the president of the United States. Donald Trump (Official Trump) or the Deepseek AI token.
Solana is currently more profitable than Ethereum
Although in the past Ethereum has been a more sustained network more profitable than Solana, this trend was reversed since the last days of January 2025. On January 19, Solana surpassed Ethereum by raising 1.5 million dollars more. Since then, Solana has maintained this superiority, even increasing the difference (except February 2 and 3). For example, on February 10, 2025, Solana obtained profits of more than 3 million dollarswhile Ethereum only managed to exceed 345 thousand dollars, as shown by the Artemis site graph.
Solana is currently more profitable than Ethereum. Source: Artemis. The profits of a network contemplate statistics such as the commissions paid by the users in each transaction, volume of transactions, how much new issuance there is, what percentage of that issuance and commissions will validate, among others. With respect to fees for commissions paid by users (Fees Gas), Solana got 6.3 million dollars and Ethereum 1 million dollars, according to Artemis. This measurement reflects a trend identical to the profitability of the previous graph, with Ethereum being historically superior, but Solana taking the lead since January 2025.
Solana processes more transactions
Solana exhibits, with respect to the main network of Ethereum, a volume of transactions higher in the last 24 hours, 7 days and 30 days, and in derivative markets. While in Ethereum there are values of 2,000 million dollars (24h), 16,000 million (7D) and 95,000 million dollars (30D), Solana exceeds those figures in all temporalities: almost 5,000 million dollars (24h), 31 billion of dollars (7d) days and 269,000 million dollars (30D), as defiliated. Those amounts indicate The negotiated or transferred volume through protocols in each chain in different periods. According to Defillama data, Solana would have a larger volume, which could involve more frequent transactions or a greater movement of short -term assets. As for the volume in perpetual futures markets (“Perps Volume”) that run on each network in the last 24 hours, Ethereum records 554 million dollars, being relegated by Solana that reaches almost 840 million dollars. A greater volume in this section suggests a more intense use of financial derivatives. The «perps volume» is usually the sum of perpetual derivatives or future that are operated in dex and protocols ON-CHAIN of each network (Ethereum, Solana, etc.), more than the volume of token futures itself in centralized exchanges.
Ethereum retains a (great) point in favor
Although Solana stands out in several metrics, such as the volume of transactions and the use of derivatives, Ethereum retains a total blockade (TVL) much higher, with 62,000 billion dollars compared to 11,000 billion solana, according to Defillama.
Ethereum retains a greater TVL historically above that of Solana. Source: Defillama. The TVL measures the amount of funds blocked in decentralized finance protocols (DEFI) and usually reflect the confidence of users and developers in a certain network, as well as the activity and diversity of applications that are executed therein. Thus, while the quotes of the native tokens of both chains, Sol and Eth, a battle in the cryptocurrency market, the on-chain metrics reflect that the Solana network exposes a greater activity, although Ethereum maintains its high TVL.