Solana has recorded its highest DEX volume in history as it officially surpasses $3.5 billion today. Indeed, DeFi data aggregator DeFi Llama reported the total 24-hour DEX volume for the blockchain, with its weekly volume officially exceeding the $13.3 billion mark on Saturday.
The surge in DEX volume for the network has aligned with the massive surge in value for a host of Solana meme coins. Specifically, meme coins like Bonk and Dogwifhat (WIF) emerged over the last week. Additionally, Book of Meme ($BOME) also surged more than 250% today following its most recent listing on Binance.
Also Read: Solana [SOL] Post Halving Price Prediction
Solana Reaches Highest DEX Daily Volume Ever
Led by Bitcoin’s ascension to an all-time high, the cryptocurrency market has surged over the last several weeks. Moreover, March has seen a massive meme coin rally take place. Now, one of the biggest winners from that rally is a network that may be emerging as a key meme coin competitor.
Solana has officially recorded its highest DEX daily volume ever, surpassing the $3.5 billion mark. Indeed, the network’s meme coin surge has led to some impressive increases in trading volume. Subsequently, the surge in volume has also seemingly benefited the network’s native token.
Solana (SOL) is currently nearing the $200 level for the first time since December 2021. According to CoinMarketCap, SOL is up more than 5% over the last 24 hours and is currently trading at $189.38, despite a pullback from the digital asset market over the last several days.
Also Read: Solana (SOL) Forecasted To Hit $300: Here’s When
Additionally, the token’s market cap has also increased by more than 4%, surpassing $84.5 billion. Moreover, the figure has reached a level it has not seen since November 2021 and is setting new marks. Conversely, the value of Solana should continue to rise, with no signs of slowing down imminent.
Indeed, the meme coin market should also continue its increase. Specifically, BOME presents a new opportunity for Solana Volume to continue to maintain its massive heights. If the other previously mentioned tokens, like BONK and WIF, can maintain a rally over the next week, Solana should be ready to enjoy brand-new heights.
