Solana Overtakes Polygon in Daily DEX Volume and Transactions, Continues Upward Momentum

Solana (SOL), a competitor to Ethereum (ETH), has surpassed Polygon (MATIC) in daily decentralized exchange (DEX) volume, according to data from blockchain tracking platform Artemis. Solana's DEX volume was approximately $240.5 million, while Polygon's was $137.5 million. Solana also surpassed its competitors, including ETH and Avalanche (AVAX), in terms of daily transactions, with 19.5 million on November 2nd. Solana's market cap has also been outpacing its competitors since the start of October, and its price has increased by about 300% since January 1, 2023.