Are Cheaper Trading Platforms the Future?

• Solana’s DEX quantity is now offering robust competitors to the general Ethereum ecosystem.
• New Ethereum-based DEX aggregators like Bebop and CoWSwap are enhancing liquidity and pricing, making DEXs extra user-friendly and aggressive.

Amid the continuing tariff conflict, the Ethereum [ETH] Decentralized Alternate (DEX) buying and selling quantity has been hit onerous, plummeting by 50% from its all-time excessive recorded in the course of the peak in December 2024.

Ethereum’s DEX quantity fell from $112 billion in December 2024 to $57 billion in March 2025, an almost 50% decline from its peak.

This sharp decline displays cautious conduct from merchants and buyers amid a bearish market sentiment. Regardless of the decline, ETH nonetheless maintains a powerful share of spot buying and selling quantity.

Uniswap [UNI]  stays the dominant platform, whereas opponents like SushiSwap [SUSHI] lag, attracting solely 2,000 each day energetic addresses.

A latest Ainvest report highlights not solely declining Ethereum DEX quantity but in addition a major drop in distinctive dealer addresses, now all the way down to 40,000.

The report attributes this pattern to each bearish sentiment and elevated competitors from different DEXs and centralized exchanges (CEXs).

Solana DEXs quantity on the rise

However, cheaper buying and selling platforms have at all times been robust opponents to Ethereum-based DEXs.

In response to latest information from VanEck, Solana’s [SOL] DEX quantity is giving robust competitors to the general Ethereum ecosystem. On-chain quantity surged 43% in February 2025, surpassing the mixed DEX quantity of ETH and its Layer-2 networks.

Lately, Matthew Sigel, VanEck’s Head of Analysis, posted on X (previously Twitter), stating,

“Regardless of the memecoin meltdown, Solana DEX volumes are nonetheless holding their very own—roughly matching your entire ETH ecosystem (L1 + L2s).”

Why is Ethereum DEX quantity declining?

With declining buying and selling volumes, merchants are prioritizing platform efficiency, specializing in liquidity, transaction velocity, and charges. Ethereum-based DEXs usually incur increased prices.

Nonetheless, new DEX aggregators like Bebop and CoWSwap are tackling these challenges. By enhancing liquidity and providing higher pricing, they goal to boost person expertise and appeal to extra merchants to DEX platforms.

In abstract, these elements have impacted DEX volumes. Nonetheless, the prevailing market sentiment performs an important position.

Since December 2024, Ethereum has misplaced over 60% of its worth. It faces the danger of additional declines within the close to future.