Jun 7, 2026 · 17 min · 8 segments
Ethereum has spent years weathering criticism. Critics often point to sluggish transaction speeds and steep gas fees, while rivals like Solana captured attention with faster throughput, cheaper costs…
As much as it hurts to say, Ethereum has been somewhat of a laughing stock for years now.
Everyone calls it slow and expensive, while competing blockchains like Solana boast higher speeds, lower costs, and a simpler user experience.
But not anymore.
That sounds like a lot until you realize that Solana was processing around $116 billion.
That's no small difference.
Today, though, the numbers look very different.
Specifically, Solana DEX volumes dropped by over $70 billion, falling from $116 billion to just $43 billion by the end of April.
That's a 63% decrease.
By comparison, Ethereum's DEX volumes stood at $53 billion in January and only slipped by $7 billion to $46 billion by the end of April.
That's a far more modest drop of just 13%.
And the eagle-eyed among you will have noticed something intriguing there too.
Regardless, this parity matters more than you might think, because it signals a major shift in narrative.
For Hotminute, it was where everything happened.
But the data now suggests that trading momentum has faded and things have changed.
As much as it hurts to say, Ethereum has been somewhat of a laughing stock for years now.
Everyone calls it slow and expensive, while competing blockchains like Solana boast higher speeds, lower costs, and a simpler user experience.
But not anymore.
That sounds like a lot until you realize that Solana was processing around $116 billion.
That's no small difference.
Today, though, the numbers look very different.
Specifically, Solana DEX volumes dropped by over $70 billion, falling from $116 billion to just $43 billion by the end of April.
That's a 63% decrease.
By comparison, Ethereum's DEX volumes stood at $53 billion in January and only slipped by $7 billion to $46 billion by the end of April.
That's a far more modest drop of just 13%.
And the eagle-eyed among you will have noticed something intriguing there too.
Regardless, this parity matters more than you might think, because it signals a major shift in narrative.
For Hotminute, it was where everything happened.
But the data now suggests that trading momentum has faded and things have changed.
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