Solana Soars Past $150 with $4 Billion Trading Volume – What’s Coming Next?
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Solana (SOL) has gained momentum over the past two days, recovering from $110.58 to reach an intra-day high of $156.15 on Saturday.
The cryptocurrency has halted its losses and regained bullish traction. Several positive developments, including record trading volumes on Solana’s decentralized exchanges (DEX), have contributed to this upward trend.
According to Foresight News, data from DeFiLlama indicates that DEX trading volume on Solana has surpassed $4 billion in the past 24 hours, setting a new all-time high. Additionally, Solana leads major blockchains in terms of the weekly number of transactions.
Meanwhile, Solana (SOL) has been one of the top performers in the current crypto cycle, boasting a 20x increase from its bear market lows.
According to renowned crypto analyst Miles Deutscher, the rally may just be beginning, with the potential for a 5-10x upside that could see SOL reach $1,000. Additionally, Peter Brandt has predicted that Solana (SOL) could outperform Ethereum (ETH) by 100% in the coming months.
Solana’s Record $4 Billion DEX Trading Volume Fuels Market Confidence and Bullish Momentum
According to the latest report, DeFiLlama data shows that Solana’s decentralized exchanges (DEX) have set a new record by surpassing $4 billion in trading volume over the past 24 hours. This milestone marks a significant surge in activity on Solana’s platform, achieving an all-time high.
The record-breaking trading volume underscores the growing interest and engagement in Solana’s DEX ecosystem, reinforcing the bullish momentum for Solana (SOL) and highlighting its increasing prominence in the cryptocurrency market.
