After falling as low as $110.58 two days ago, Solana (SOL) has been steadily climbing, and on Saturday it hit an intraday high of $156.15.
Solana DEX trade volume has hit a new all-time high of almost $4 billion in the last 24 hours, according to Foresight News' analysis of data from DeFiLlama. If we look at the amount of transactions each week, Solana is also well ahead of the other main blockchains.
Solana (SOL), on the other hand, has risen 20 times from its bear market lows and is now among the best performing cryptocurrencies in the market.
Renowned crypto expert Miles Deutscher claims that SOL's price may hit $1,000 in the near future after a possible 5-10x rise. Also, according to Peter Brandt, Solana (SOL) may have a 100% return on investment (ROI) in the next few months, far outperforming Ethereum (ETH).
Trading activity on Solana's decentralized exchanges (DEX) surpassed $4 billion in the last 24 hours, setting a new record, according to the most recent report using DeFiLlama statistics. With this achievement, Solana's platform has seen an unprecedented rise in activity.
The unprecedented trading volume highlights the rising popularity of Solana's DEX ecosystem, which in turn strengthens the positive trend for Solana (SOL) and its position as a leading cryptocurrency.
With a trading volume of $4 billion, Solana (SOL) has shown itself to be a reliable cryptocurrency and has the ability to gain even more traction in the current market.
The record $4 billion trading volume on Solana’s DEXs is a clear indication of strong participation and market trust in SOL. This, in turn, drives additional price rises and positive momentum in the cryptocurrency industry.
