Solana (SOL) is back in the spotlight as its decentralized exchange (DEX) volume skyrockets, outpacing every other blockchain in the ecosystem.
Solana (SOL) is back in the spotlight as its decentralized exchange (DEX) volume skyrockets, outpacing every other blockchain in the ecosystem.
A closer look at the latest DEX volume data provided by CoinMarketCap shows Solana towering over rivals like Ethereum, BNB Chain, and Arbitrum.
The sharp increase in the DEX activity indicates a parabolic surge in investors’ interests – reflecting Solana’s growing dominance in DeFi infrastructure.
At press time, the DEX volume of Solana stands more than $3 billion while that of Ethereum is $2.6 billion. BNB stands third with a massive $1 billion in trading volume.
This surge follows the United States President Donald Trump announcing a 90-day pause on tariffs for all countries except China, signaling openness to negotiations with the European Union and other trade partners.
This sudden announcement fueled broader risk-on sentiment in financial markets, including crypto, as investors grew optimistic about a less hostile global trade environment.
Solana Price Analysis
At the time of writing, SOL trades at $117.78, marking a 4%+ gain on the day.
The price briefly attempted to break past the 20-day Exponential Moving Average (EMA) at $120 – a key short-term resistance level – but failed to close above it.
It is clear that while bulls are regaining momentum, the price still needs to reclaim that zone for further upside confirmation.
A successful flip of the $120 level into support could open the gates for a move toward $130 and beyond. On the flip side, rejection here may result in consolidation between the $110–$120 zone until stronger catalysts arrive.
The Relative Strength Index (RSI) reads a value of 46.15 which means that the current market sentiment is neutral. However, the gradient of the line suggests an uptick in buying pressure.
Source: TradingView
Meanwhile, the MACD indicator has confirmed a bullish divergence with the MACD histogram turning slightly green.
The MACD line (blue) remains above the signal line (orange), confirming the dominance of the bulls.
Solana’s First Layer 2 Just Raised $29.6M – Is This the Next Big Ecosystem Play?
As Solana’s DEX volume surges, Solaxy ($SOLX) is gaining momentum as the first-ever Layer 2 built on Solana—resolving congestion, failed transactions, and scalability limitations.
Source: Solaxy
With over $29.6M raised and just four hours left before the next price increase, the $SOLX presale gives early supporters access to a network engineered for speed, multichain utility, and zero downtime.
$SOLX bridges Ethereum’s liquidity with Solana’s efficiency, creating a high-performance ecosystem built for meme coin trading and multichain DeFi.
To join the presale, visit the official Solaxy website and connect a supported wallet (e.g. Best Wallet).
You can purchase it using SOL, USDC, or a bank card to secure SOLX at its current price of $0.00169.
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