Jupiter Exchange built on Solana leads the highest 24-hour trading volume among multi-chain aggregators.
Strong network activity and user expansion could push SOL to $150.
Jupiter [JUP], a decentralized swap aggregator operating on the Solana [SOL] platform, has just surpassed all other aggregators across multiple chains in 24-hour trading volume.
This achievement is all the more impressive given that Jupiter operates exclusively on the Solana blockchain, while its industry peers cover multiple chains.
The volume explosion not only marks a milestone for Jupiter but also reflects increased trader confidence in the DeFi ecosystem on Solana.
Source: X
Activity on Solana hits multi-month high
Jupiter’s growing influence is consistent with a sharp spike in the number of active addresses on the Solana network, which hit an all-time high in May, according to The Block.
This is a clear sign of growing user engagement across DEXs, NFTs, and other DeFi applications on Solana—potentially driving SOL’s price upwards.
Source: Block
The number of new addresses on the SOL network has also been recording a significant increase since February this year.
Source: Block
Overall, new address creation on the Solana blockchain continues to maintain strong growth year-to-date.
SOL has a breakthrough coming soon?
Historically, price movements have followed changes in network activity metrics. Currently, Solana’s on-chain indicators are sending strong bullish signals, supporting the emerging bullish momentum in SOL.
Technically, SOL is testing the converging support zone between the resistance level and the Fibonacci density zone – an important turning point that has been tested many times in the past.
If history repeats itself, this area could produce a promising new bounce.
Notably, Solana is about to reach an important psychological level at $150, within its current range and attracting a lot of attention from investors.
Source: TradingView
If network activity remains high along with DEX volume growth, Solana could generate a strong push to break through technical resistance.
This momentum, combined with the explosive trading volume on Jupiter, promises to revive SOL's DeFi ecosystem in the coming time.
Source: https://tintucbitcoin.com/jupiter-lap-ky-luc-giao-dich-solana/
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