Ever feel like the crypto world moves at warp speed? One day it's all about Ethereum's endless upgrades, the next it's Solana stealing the spotlight with blistering transaction speeds and dirt-cheap fees. That's exactly what's happening right now in the decentralized exchange (DEX) arena, where on-chain activity is painting a crystal-clear picture of where liquidity is flowing.

A recent post from AI Adopt HQ on X (formerly Twitter) dropped a bombshell chart that's got the blockchain community buzzing. Titled "DEXs Volume by Chain (24H)," it shows Solana absolutely crushing it with a whopping $3.4 billion in trading volume over the past day. That's not just a win—it's a landslide, leaving Ethereum in the dust at $2.7 billion. If you're knee-deep in meme tokens like $WIF or $BONK, this data is your North Star for spotting where the action (and potential pumps) are hottest.

Let's break down the chart, because numbers like these don't lie. Here's the top performers in that 24-hour window:

Chain	24H DEX Volume
Solana	$3.4B
Ethereum	$2.7B
BNB Chain	$1.8B
Base	$1.2B
Arbitrum	$725M
Hyperliquid	$540M
Polygon	$273M
Sui	$256M
Celo	$186M
Avalanche	$155M
Monad	$130M
Tron	$102M
Off-chain	$102M
Thorchain	$101M
Aptos	$100M

< Image src="https://pbs.twimg.com/media/G7ImOKrbgAQgOo1.jpg" alt="DEX Volume by Chain 24H chart showing Solana leading at $3.4B" width={800} height={450} />

(Data sourced from DefiLlama, updated December 2, 2025. Source: AI Adopt HQ)

What jumps out immediately? The big three—Solana, Ethereum, and BNB Chain—are sucking up over 70% of the total volume. But zoom in on Solana's lead, and it's clear why: its proof-of-history consensus cranks out thousands of transactions per second at fees that are basically pocket change compared to Ethereum's gas guzzlers. For meme token degens, this means faster swaps on platforms like Jupiter or Raydium, where hype can turn into real gains before the market blinks.

Ethereum's no slouch, though. At $2.7B, it's still the king of DeFi TVL (total value locked), but the gap is narrowing. Layer 2 solutions like Base ($1.2B) and Arbitrum ($725M) are Ethereum's secret weapons, offloading congestion and keeping volumes healthy. BNB Chain rounds out the podium at $1.8B, thanks to its seamless integration with Binance's ecosystem—perfect for quick meme flips without the hassle.

Down the list, things get interesting for the underdogs. Hyperliquid's $540M pop hints at emerging L1s gaining traction, while Polygon and Sui hover in the mid-tier, battling it out for developer mindshare. The real meme coin magic often brews here, where liquidity is thinner but volatility is thicker. Think about it: a fresh $PEPE clone launching on Sui could 10x overnight if volume spikes just right.

So, what's the big takeaway for us at Meme Insider? Liquidity doesn't mess around—it's flocking to chains that prioritize speed + low fees, as the post aptly puts it. "On-chain flow never lies ⚡," and right now, it's screaming "Solana summer... or winter, depending on the season." If you're building, trading, or just HODLing meme tokens, keep an eye on these DEX metrics. Tools like DefiLlama are your best friend for real-time tracking, helping you dodge rugs and chase the next viral pump.

Got thoughts on Solana's dominance? Drop 'em in the comments—let's decode the charts together. And if you're new to DEX trading, start small: bridge over to Solana via Wormhole and test the waters with a low-cap gem. The blockchain evolution is here, and it's faster than ever.

Stay insider-y,
The Meme Insider Team