📣 Solana Price Analysis as DEX Volumes Hit $3.7B, Two-Month High
Solana price eyes a breakout to $180 after a 35% increase in SOL DEX volumes to $3.7 billion, driven by meme coin activity.
Solana price eyes more gains after its 10% increase in just seven days. One of the main factors that will catalyze this rally is surging blockchain activity after SOL DEX volumes have surged by 35% to $3.7 billion, marking the highest level in two months.
🔸 Solana Price Targets Gains as DEX Volumes Explode to 2-Month High
Solana price eyes a major bullish breakout due to surging blockchain activity. Data from DeFiLlama shows that decentralized exchange (DEX) volumes on the SOL blockchain have surged by more than 35% in the last two days to a two-month high of $3.699 billion. At press time, Solana’s DEX volumes were also notably higher than Ethereum’s $2.41 billion.
Solana price eyes a breakout to $180 after a 35% increase in SOL DEX volumes to $3.7 billion, driven by meme coin activity.
Solana price eyes more gains after its 10% increase in just seven days. One of the main factors that will catalyze this rally is surging blockchain activity after SOL DEX volumes have surged by 35% to $3.7 billion, marking the highest level in two months.
🔸 #Solana Price Targets Gains as DEX Volumes Explode to 2-Month High
Solana price eyes a major bullish breakout due to surging blockchain activity. Data from DeFiLlama shows that decentralized exchange (DEX) volumes on the SOL blockchain have surged by more than 35% in the last two days to a two-month high of $3.699 billion. At press time, Solana’s DEX volumes were also notably higher than Ethereum’s $2.41 billion.
This increase is adding weight to the bullish thesis around SOL value today, as a sustained increase could bolster demand for the Solana token. This is because traders using DEXs created on Solana have to buy SOL to pay gas fees to complete their transactions, which is a positive thing for the price.