🤔🤯 Why Solana (SOL) has increased by more than 16% in a week: Find out now
The price of Solana (SOL) skyrocketed by 20% in a week driven by increased volume in DEX and protocol fees. Discover if this altcoin could outperform Ethereum with a significant rally.
🤓 Learn about the analysis and perspectives of last year's standout blockchain. Solana (SOL) has experienced a 20% increase in the last seven days, fueled by strong technical indicators and growing on-chain activity.
Its Ichimoku Cloud and BBTrend charts show bullish momentum, with rising trend strength and volatility.
At the same time, Solana regains leadership in the ranking of volumes on decentralized exchange platforms (DEX) and dominates the ranking of fees from major DeFi protocols.
With a recent golden cross in the EMA lines, SOL seems ready to test key resistance levels if this momentum holds. In the last 24 hours, Solana has recorded $2.5 billion in DEX activity, a 14% increase over seven days.
This growth surpasses that of Base (10%) and contrasts greatly with the declines recorded in Ethereum (-3%) and BNB (-9%).
Even more impressive, Solana's DEX volumes in seven days have exceeded the sum of the volumes of Base, BNB, and Arbitrum.
Beyond trading volumes, Solana also stands out in generating fees for protocols. Of the eight main non-stable protocols ranked by fees, five are directly built on Solana: Pump, Axiom, Jupiter, Jito, and Meteora.
