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Not Dead Yet? Ethereum Unexpectedly Trumps Solana in Key Metric
Despite a dismal price performance and ongoing competition from layer-2 networks, Ethereum’s trading volume has defied expectations by exceeding $9 billion weekly. This unexpected surge has left many market observers questioning the narrative that the leading altcoin is dead.
In 2025, Ethereum’s underperformance has been stark, with its value plummeting another 38% against Bitcoin. The poor price action has led to a consecutive four-year red performance for ETH, sparking concerns about its viability as a major player in the DeFi sector. The emergence of layer-2 solutions like Optimism and Arbitrum has only exacerbated this narrative.
However, the recent data reveals that Ethereum remains an integral part of the decentralized finance (DeFi) ecosystem, with over $9 billion in trading volume per week. This figure outpaces Solana’s relatively meager volume, which stands at a mere fraction of ETH’s impressive numbers.
The sudden and unexpected surge in trading activity has caught many off guard, especially considering Ethereum’s poor price performance. It appears that despite the bearish sentiment surrounding the asset, investors continue to flock to it for various reasons, including its status as the largest DeFi platform by far.
While some might argue that this increased volume is a result of whale transactions or other temporary market factors, the data suggests otherwise. Ethereum’s enduring popularity in the DeFi space has been underestimated, and its resilience should not be overlooked.
In conclusion, it appears that despite being written off by many as a dying breed, Ethereum still holds significant value and relevance within the crypto ecosystem.
Source: https://u.today/not-dead-yet-ethereum-unexpectedly-trumps-solana-in-key-metric
