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Trading volume on DEXes in the Solana network has dropped by 94% compared to Ethereum's figures. This is the lowest level in the past 12 months. For comparison: in January, the blockchain indicator of the "people's cryptocurrency" reached a peak of 218%.
Currently, both networks process about $45 billion in monthly trading volume.
Meanwhile, the total supply of stablecoins on Solana shows an upward trend. At the time of writing, the figure is $15.44 billion, and in the leading altcoin network — $165 billion.
Ethereum still maintains the lead in circulating "stablecoin" volume. However, Solana's growth rates indicate increasing competition between layer-one networks.