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Gate DeFi Daily ( August 29 ): Solana DEX volume has surpassed Ethereum for two consecutive days, Pump ranks in the top three.
On August 29, the DeFi market overall maintained high-level fluctuations, with the total Lock-up Position (TVL) of the entire network DeFi at approximately $155.593 billion, a slight fall of 0.01% in 24 hours, and capital inflows becoming cautious. The DEX 24-hour volume reported $15.842 billion, with Solana DEX's transaction volume exceeding Ethereum for the second consecutive day, surpassing $5 billion in single-day trading volume. On the protocol layer, Ethena's 24-hour fees reached $18.24 million, far exceeding other projects, indicating sustained strong ecological demand. However, sentiment in the token market has clearly declined, with mainstream DeFi tokens such as UNI, AAVE, and CRV generally falling, putting short-term risk appetite under pressure.