🚀 According to AMBCrypto: $SOL Volume Shows Growth

AMBCrypto’s examination of Solana’s volume on DefiLlama revealed a significant pickup in volume over the past few months. Compared to previous years, the network has experienced considerable volume.

This is indicative of increased activity this year. 

In March, the volume surged to over $3 billion before gradually declining but maintaining levels around the $1 billion mark. As of this writing, the volume was almost $1.5 billion.

The notable increase in transaction volume may not be surprising given the recent proliferation of meme coins launched on the network.

AMBCrypto’s analysis of Solana’s price trend showed that it had experienced downtrends in recent days. On the 27th of May, it recorded a gain of 4.15%, pushing its price to approximately $170.

However, despite this gain, SOL has struggled to recover from previous declines. The analysis also highlighted the $180 zone as a resistance level.

As of this writing, SOL was trading at around $168, showing a negligible gain from the previous trading session.