Solana establishes new all-time high against Ethereum with robust DEX trading activity
Summary
Solana's SOL reached a new all-time high against Ethereum, surpassing $200 and hitting a market cap of over $91 billion. Its surge is driven by high network activity and meme coin fervor, with its DEX trading volume surpassing Ethereum's. The network also leads in daily active addresses, with low fees compared to Ethereum and its layer-2 networks. This could position Solana-based projects as alternatives to Ethereum.
