• Solana’s volume was over $1.5 billion as of the 16th of December.
• The TVL increased significantly in the past few weeks, hitting $1 billion.

Solana [SOL] recently surpassed Ethereum [ETH] in a key metric for the first time in history. This development highlighted the recent positive trends observed in the network and its associated token.

Solana tops volume rankings

Based on an analysis of volume metrics on DefiLlama, Solana had the highest volume as of the 16th of December. This was a notable achievement considering its network size compared to Ethereum, which went to second place.

Solana recorded over $1.5 billion, while Ethereum followed with around $1.1 billion. Also, during that period, Solana showed a positive weekly change of over 54%. 

However, according to the latest data, Ethereum reclaimed the top position with over $1.3 billion in volume. On the other hand, Solana held the second spot with a volume of over $1 billion.

Notably, these two networks were the only ones with volumes over $1 billion as of this writing.

Analyzing the Solana volume

A more in-depth examination of Solana’s daily volume chart showed a consistent uptrend in recent weeks. The move marked the first sustained uptrend in daily volume for the network.

Since November, the daily volume has consistently surpassed $300 million, with

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Author: Adewale Olarinde

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