Solana officially reached $3.5 billion in DEX today, the highest ever recorded. Indeed, DeFi data aggregator DeFi Llama On Saturday, the weekly DEX volume of the blockchain officially exceeded $13.3 billion.
A massive rise in Solana meme-coin values has coincided with a surge in DEX trading volume. Over the past week, specific meme coins such as Dogwifhat and Bonk have emerged. Book of Meme (BOME), which has also surged over 250% in the last 24 hours, is another example. listing on Binance.
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Solana Records highest daily DEX volume ever
In recent weeks, cryptocurrency has seen a surge in popularity. This is due to the ascent of Bitcoin to a record high. March also saw a huge rally for meme coins. One of the largest winners is now a network which may emerge as a major meme coin rival.
Solana’s daily trading volume has officially surpassed $3.5 billion, its highest ever. The network’s surge in meme coins has indeed led to impressive growth in trading volumes. The subsequent surge in volume seems to also have helped the native token.
Solana SOL is nearing $200 for the very first time since 2021. According to CoinMarketCapSOL, the SOL digital asset, is trading at $189.38. Despite a recent decline in the market for digital assets, SOL’s price has increased by more than 5 percent over the past 24 hour.
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Market capitalization of the token has also increased, by over 4%. It now surpasses $84.5 Billion. Further, it is a record-breaking figure that hasn’t been seen since November 20,21. A value for Solana is expected to continue rising, without any signs of a slowdown.
The meme coin market is also expected to continue growing. BOME, in particular, presents an opportunity for Solana Volume continue its incredible heights. If other tokens like WIF or BONK can keep a strong rally in the future, it will help Solana volume maintain their massive heights. next Solana will be poised to soar this coming week.
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Source: watcher.guru
