According to DefiLlama data, the Solana network's 24-hour decentralized exchange (DEX) trading volume has exceeded that of Ethereum and Base combined. The data shows that on January 6, the daily trading volume of the Solana-based DEX was close to $3.80 billion, compared to $1.70 billion for Ethereum and $1.20 billion for Base, Ethereum's most popular layer 2 extension network. Solana's total locked-in value (TVL) also surpasses that of Ethereum. According to DefiLlama, Solana's TVL grew about fivefold in 2024, from about $1.40 billion to more than $9.50 billion.