Solana’s January DEX Volume Hits $117B, Surpassing Ethereum and Layer 2s

The assessment of the statement is "likely_true" with high confidence based on strong corroborating evidence from multiple sources that point to a single, highly authoritative data aggregator.The core of the statement is that Solana's DEX volume surpassed that of Ethereum and its Layer 2 networks in January. This central claim is directly supported by a highly relevant news article which states that Solana's DEX activity has surpassed Ethereum's. Crucially, this article, along with several other sources, identifies DefiLlama as the primary data source for this information. DefiLlama is repeatedly referenced as a primary and highly authoritative on-chain data aggregator, lending significant credibility to any claims derived from its data. Other reputable analytics firms like Messari and The Block are also listed as platforms that track this specific type of data, confirming that the metrics in the claim are standard and verifiable within the industry.While the specific figure of "$117 billion" for Solana's volume is not explicitly confirmed in the provided source summaries, the consistent and cross-referenced support for the comparative aspect of the claim (Solana > Ethereum + L2s) is very strong. Irrelevant sources were disregarded, such as one that mentioned "$117 billion" in the context of Bitcoin ETFs and another that focused on centralized, not decentralized, exchanges. The convergence of secondary sources on a single, top-tier primary data source makes the overall statement highly probable.