Solana Daily DEX Volume Exceeds Record $3.5 Billion

Solana (SOL) has recorded its highest DEX volume in history as it exceeded $3.5 billion today

Solana has registered its most enormous DEX volume ever, surpassing $3.5 billion today. Indeed, DeFi data aggregator DeFi Llama revealed the overall 24-hour DEX volume for the blockchain, with weekly volume surpassing $13.3 billion on Saturday.

The increase in DEX volume for the network has coincided with a significant increase in the value of several Solana meme currencies. Meme currencies like Bonk and Dogwifhat (WIF) have surfaced recently. Additionally, Book of Meme ($BOME) increased by more than 250% today following its most recent launch on Binance.

Solana Records Highest DEX Daily Volume Ever

The cryptocurrency market has risen dramatically recently, driven by Bitcoin’s ascent to an all-time high. Furthermore, in March, a large meme coin rally took place. Now, one of the largest beneficiaries of that rise is a network that might emerge as a crucial meme currency rival.

Solana has officially achieved its most enormous DEX daily volume ever, reaching $3.5 billion. Indeed, the network’s meme coin boom has significantly increased trade volume. The subsequent rise in volume appears to have helped the network’s native token.

Solana (SOL) is approaching the $200 mark for the first time since December 2021. According to CoinMarketCap, SOL is up more than 5% in the last 24 hours and is now trading at $189.38, despite a recent setback in the digital asset market.

The token’s market capitalization has risen by more than 4%, topping $84.5 billion. Furthermore, the number has reached a level not seen since November 2021, breaking new records. In contrast, the value of Solana is expected to climb further, with no indications of stopping down.