🚀 Solana surpasses Ethereum in DEX volume — but what about the price, when will it react? 👀 $SOL reached US$ 64.1 billion in DEX volume in the last 30 days, surpassing Ethereum.
Even so, the price still hasn't broken through US$ 180, and here are the reasons:
📉 Drop in the hype of memecoins (e.g., GIGA, WIF, BONK fell +25%)
📉 Overall activity still 91% below the peaks of January
⚠️ Direct competition with Hyperliquid, which dominates perpetual contracts with US$ 234B in volume
🟢 But there is hope:
👉 Possible Solana ETF may come out in October
👉 Low fees + scalability remain a technical differential
🔮 If the ETF is approved and the market starts looking for alts again, breaking through US$ 180 may come sooner than expected.
#Solana #DEX #CryptoAnalysis #SOL #AltcoinWatch #Memecoins #Hyperliquid #ETF #Write2Earn
