Solana's decentralized exchanges have achieved a significant milestone, with the SOL:ETH DEX volume ratio reaching an all-time high of 136%. This unexpected flip could suggest Solana's DEX ecosystem is now outpacing Ethereum's in terms of trading activity.

The surge in Solana DEX volume is complemented by a dramatic increase in weekly active addresses, which have now hit 2 million. This indicates a substantial influx of users into the Solana ecosystem.

Leading the charge is Raydium, one of the largest DEXs on the chain, which has reported an impressive $24 billion in trading volume. This suggests that a significant portion of Solana's DEX activity is concentrated on a single platform.

The explosion in Solana's DEX activity can be attributed to several factors, with the …