Solana DEX Volume Soars Past Ethereum amid Meme Coin Mania, Boasting Higher Efficiency

• Solana DEX trading volume leapt 67% to $21.3B, surpassing Ethereum's $19.4B • Meme coin speculation seems to have catalyzed the volume growth on Solana • Solana boasts higher capital efficiency than Ethereum, per research • Solana's DEX volume to total value locked ratio shows notable outperformance • Solana's native token SOL has outperformed ETH in 2023, hitting new highs