• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
Solana Ethereum

Jupiter Volume Surpasses Uniswap: Is Solana Taking Over Ethereum As King Of DeFi?

Scott Matherson
by Scott Matherson
1 year ago
·
Posted in Ethereum, Solana
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Data from CoinGeko shows that Solana-based decentralized exchange (DEX) Jupiter recently surpassed Ethereum’s foremost DEX Uniswap in an important metric. This has created a narrative that the SOL network might indeed be ready to take over Ethereum’s position as the King of Decentralized Finance (DeFi). 

Jupiter Surpasses Uniswap In Trading Volume 

According to CoinGeko, Jupiter has recorded over $510 million in trading volume in the last 24 hours, surpassing Ethereum’s Uniswap V3 and V2, which recorded $455 and $76 million respectively. Jupiter’s recent dominance is believed to be partly due to the recent WEN airdrop that occurred on its launchpad.

Related Reading: Bollinger Bands Creator Says Bitcoin Downtrend Might Be Over

This airdrop caused a splurge of new money into the Solana ecosystem and Jupiter in particular. While that may be the case, it also highlights a new trend that looks to be developing in the crypto ecosystem. This is in reference to the fact that the Solana network has been going toe-to-toe with Ethereum as of late. 

Data from DeFiLlama shows that beyond Jupiter’s dominance, SOL is actually matching Ethereum’s numbers. In the last 24 hours, Solana recorded a trading volume of $704 million to Ethereum’s $741 million. 

In December 2023, Solana surpassed Ethereum in 7-day DEX volume for the first time in history. Data from the Block shows that Solana also outperformed Ethereum in terms of non-fungible token (NFT) trading volume during that same period.

Solana price chart from Tradingview.com (SOL Ethereum Jupiter Uniswap)SOL price at $97 | Source: SOLUSD on Tradingview.com

Solana To Overtake Ethereum?

Ethereum has long been known as the network housing the foremost decentralized applications (dApps) and has continued to dominate the DeFi landscape. However, that could change soon enough if Solana’s runs become constant. This is more interesting, considering that Solana has always been referred to as the “Ethereum killer.”

Related Reading: Dogecoin, Shiba Inu, And Cardano Relisted By Canadian Crypto Exchange

The SOL network is already known to have an edge over Ethereum, considering that the former is faster and more cost-effective than the latter. Ethereum’s gas fees have also continued to pose major concerns for users, and this cannot be sustained if mainstream adoption of DEXs is to be achieved. 

Moreover, it has become evident that more liquidity is flowing into Solana, something that could entice more DeFi users into the ecosystem. It is worth mentioning that the WEN airdrop was just the tip of the iceberg, as the JUP, Jupiter’s native token, airdrop is set to take place on January 31. 

The highly-anticipated airdrop is expected to drive considerable attention and trading activity towards Jupiter and Solana. For one, those eligible for the airdrop are likely to diversify their funds across the SOL ecosystem. Meanwhile, those who missed out on this airdrop are likely to look farm other DeFi projects on Solana in hopes that they will be eligible once these projects in question roll out their native tokens. 

Featured image from Quora, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Scott Matherson

Scott Matherson

Follow

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Full Profile

Related Posts

Ethereum

Ethereum Staking In Focus: SharpLink Considers Linea For Treasury Yield – Details

5 hours ago
3 Fresh Wallets Buy $148.8M Ethereum – Silent Stacking

3 Fresh Wallets Buy $148.8M Ethereum – Signs Of Silent Stacking

1 day ago
Institutional Players Add 218,750 Ethereum ($943M) In 2 Days: Big Money Bets On ETH

Institutional Players Add 218,750 Ethereum ($943M) In 2 Days: Big Money Bets On ETH

1 day ago
Ethereum

Binance Ethereum Reserves Shrinks As Whale Outflows Persist – Here’s What They Are Up To

1 day ago
Solana Solscan Etherscan

Solana price At Risk Of 10% Crash With Descending Broadening Wedge

1 day ago
Ethereum

Ethereum Foundation Is Dumping ETH Again, Is This The Top?

2 days ago

Premium Sponsors

Press Releases

  • miner

    XRP price battles for key support levels, with holders...

    10 hours ago
  • miner

    Global Investors Tap BAY Miner App for BTC and XRP Monthly...

    11 hours ago
  • Cloud Mining

    From Holding to Profit: How XRP Earns $27,000 Daily from...

    14 hours ago
  • minwer

    XRP Holders Can Earn $10,000 a Day Through COME...

    1 day ago
  • BTC prices hit a two-week high, and holders flocked to GMO...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.