🚨 Solana Shatters Records: DEX Trading Volume Hits $41 Billion – Outpacing Bitcoin! 🚨

Is Solana Stealing Bitcoin’s Thunder?
Solana (SOL) has taken the crypto world by storm, outperforming Bitcoin (BTC) with record-breaking activity on decentralized exchanges (DEXs). The SOL/BTC ratio has broken out of an eight-month consolidation, signaling a major bullish trend.

Key Highlights

1. Bullish SOL/BTC Breakout

Momentum Shift: SOL/BTC climbed 1% last week, marking the end of a prolonged battle between bulls and bears.MACD Confirmation: The MACD histogram crossing above zero confirms a bullish trend, hinting at sustained upward momentum.

2. Record DEX Trading Volumes

Solana-based DEXs hit a staggering $41.6 billion in weekly volume, more than doubling the previous week’s activity and leaving competitors in the dust:

Ethereum: $14.3 billionBase & BSC: Over $11 billion each

This surge highlights Solana’s growing appeal, particularly among retail investors trading memecoins.

3. Fee Revenue Leader

Despite its low-cost reputation, Solana is competing head-to-head with Ethereum in fee revenue:

Solana DEXs (Raydium): $72.83 millionEthereum: $67 millionBitcoin: $15 million

Solana’s efficient and affordable transactions are solidifying its position as a leader in decentralized trading.

Why Solana Is Outperforming Bitcoin

Higher Activity Levels: Solana’s trading volumes on DEXs now surpass those of Ethereum, Base, and Binance Smart Chain combined.Rising Retail Interest: Memecoins and fast transactions make Solana a favorite for small-scale traders.Competitive Fees: Its ability to generate significant fee revenue, even with lower transaction costs, highlights its efficiency.

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