- Solana has outperformed Ethereum and Base on DEX buying and selling quantity for the previous two days.
- Large community traction might gas SOL’s worth to reverse December losses.
Solana [SOL] has maintained its place because the premier chain for the speculative market, from meme cash to AI brokers. On the sixth of January, its 24-hour Decentralized Alternate (DEX) quantity topped Ethereum and Base mixed.
The same development was noticed on the seventh of January. In response to DeFiLlama knowledge, Solana’s DEX quantity was at $3.98B in comparison with Ethereum’s $1.7B and Base’s $1.2B.
Briefly, Solana eclipsed each chains by over $1B in DEX buying and selling quantity, underscoring large community exercise.
Supply: DeFiLlama
Will DEX exercise assist SOL?
Traditionally, a surge in DEX buying and selling volumes has all the time positively correlated with SOL’s worth motion. Briefly, most of SOL’s worth pumps may be preceded by explosive DEX buying and selling quantity, as excessive transactions on the chain appeal to important demand for SOL.
The same state of affairs was noticed through the December market backside. Solana’s DEX buying and selling quantity dropped to a low of $3.1 billion in December, down from $7.0 billion through the peak of the November rally.
Supply: Artemis
The rebound in DEX quantity from December into the brand new yr lifted SOL from $175 to $220 and was accompanied by a major surge in day by day lively customers. Briefly, the expansion in DEX exercise might additional lengthen SOL’s restoration.
Moreover, SOL’s worth surpassed its March highs and broke above the trendline resistance that had capped uptrend momentum in November and December.
This means a bullish market construction that might gas the altcoin’s continued restoration.
Learn Solana [SOL] Worth Prediction 2025-2026
Supply: SOL/USDT, TradingView
A decisive transfer above $220 might embolden bulls to attempt for $240 or $260 targets. However a drop under the earlier trendline would invalidate the bullish outlook.
