In March, Ethereum again took first place in the context of the total volume of trading on decentralized exchanges (DEX). The platform overtook Solana, the leader of the sector since September last year.
According to Defi Llama, the total trading volume on Ethereum-turbar reached $ 64.6 billion. This is 22% more than Solana ($ 52.62 billion).
Reasons for reducing SOLANA activity
A decrease in the volume of trading on SOLANA, including on the sites of Raydium and PUMP.FUN, is explained by a decline in interest in the segment of meme-coin. However, back in January, the People’s Ecosystem demonstrated a surge in activity thanks to the launch of Trump token.
In March, Raydium did not have a single day with a trading volume above $ 1 billion.
The average daily trading volume of “funny coins” on PUMP.Fun decreased from $ 390 million in January to less than $ 100 million in March.
The role of Uniswap
Against the background of the decline in SOLANA, the Ethereum ecosystem has demonstrated more stable results.
The lion’s share of the volume was on Dex Uniswap, which reached a turnover of $ 30 billion. The second position among the Ethereum-USA took Fluid with an indicator of $ 9 billion, which indicates growing competition.
Have you seen prices?
Despite success in the DEX segment, the price of Ethereum (ETH) token decreased by 18% in March, which surpassed the depth of Sol fall (15.8%).
Expert Ali Martinez believes that to confirm the growth of the asset should return to $ 2100, and then confidently gain a foothold above $ 2300.
#Ethereum $ Eth Needs to Reclaim $ 2.100, and More Decisively, $ 2.300, to confirm a bullysh Trend Reversal. These are the Levels to Watch! pic.twitter.com/ldk5hrohvd
– Ali (@ali_Charts) March 31, 2025
He called these levels important for changing the trend to ascending.
CEO Alphraactal Joao Vedson noted that altcoins repeated the Bitcoin movement.
Altcoins are Making the Same Move as BTC.
The Average Correlaration of Altcoins is Close To 1, Meaning that if BTC Goes Up, They Will Go Up, and IF BTC Goes Down, They Will Go Down.
This is the Moment When Hft Bots from Exchange and Funds Operate in A Synchronized Manner.
When … pic.twitter.com/1rjyktxbdg
– Jooo Wedson (@joao_wedson) April 1, 2025
He explained that the average market correlation is close to 1: If the cost of the first cryptocurrency is growing, altcoins also go up. If bitcoin falls, the rest of the assets are reduced.
In such periods, high -frequency trading bots on exchanges and funds work synchronously, Vedson noted.
He believes that the “separation” of altcoins from digital gold will become a growth signal for the market.
In the lower price range of a number of tokens, signs of PUMP & DUMP scheme are observed, which may indicate a gradual accumulation of assets with institutions, Vedson concluded.
On March 17, Standard Chartered analysts revised the Ethereum price forecast for 2025, reducing it from $ 10,000 to $ 4000.
On March 26, Ethereum developers successfully launched the Pectra update in the Hoodi test network.
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Source: Cryptocurrency
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