DEX Trading Volume Hits $27 Billion, Visualizing Solana's Supercharged Weekend

By: blockbeats|2025/01/21 15:15:02
0
Share
copy
Original Author: Ignas | DeFi
Original Translation: DeepTech TechFlow

Last weekend was dubbed one of the cryptocurrency field's wildest weekends. Decentralized Exchange (DEX) trading volume hit a historic high, Solana excelled in multiple dimensions, and fund flows also showed a significant shift in the market.

The following 10 charts will quickly guide you through the data and trends behind this phenomenon.

1. DEX Trading Volume Hits Historic High

Solana's Decentralized Exchange (DEX) trading volume reached $27 billion, far surpassing Ethereum's $5 billion.

DEX Trading Volume Hits 7 Billion, Visualizing Solana's Supercharged Weekend

2. Solana DEX Trading Volume Skyrockets

Solana's DEX trading volume surged from an average of about $5 billion to $27 billion, achieving a 5.4x increase.

3. DEX to CEX Trading Volume Ratio Reaches Historic High

Due to this phenomenon, the DEX to Centralized Exchange (CEX) trading volume ratio reached a historic high of 19%.

4. Funds Flow from Arbitrum to Solana, ETH, and Base

Data shows that Solana saw a net inflow of $153 million in one week, while Arbitrum lost $405 million.

(Is this situation related to Hyperliquid's cross-chain bridge?)

5. Visualized Analysis of Funds Flow to Solana

According to DeBridge's data analysis, Solana saw an inflow of about $300 million in one week, mainly from Ethereum, Base, and Arbitrum.

Meanwhile, Solana's outflow of funds was approximately $140 million.

6. Phantom Activity Surges

A Phantom report shows that its request volume has exceeded 8 million per minute. The total value of transactions processed through Phantom has reached $1.25 billion, involving 10 million transactions.

Based on the current 0.85% fee rate, Phantom's fee income for this period is approximately $10.6 million.

@phantom: "Transactions are now back to normal, and all systems are functioning properly.

Despite facing significant challenges, our users have achieved over $1.25 billion in transaction volume today and have completed 10 million transactions, demonstrating remarkable performance!"

7. $TRUMP Launch Day Sees Strong SOL Performance

On the day $TRUMP token launched, SOL saw its largest single-day surge against $ETH since 2021, reaching as high as 25%.

This repricing further dampened the morale of the Ethereum community and intensified calls for reform within the Ethereum Foundation.

The possibility of SOL surpassing ETH has become a hot topic of discussion.

8. Solana's Challenge: Soaring Transaction Fees

Despite its strong performance, Solana's transaction fees surged an average of 20x during this period, causing many users to experience failed transactions.

9. High Fees Benefit SOL Stakers

The high fees have brought earnings to SOL stakers, with a total fee income of $57 million. Of this, Priority Fees account for $33 million, and Jito Tips for $23.5 million.

10. Additionally, the amount of $SOL burned has reached a record $16.7 million.

However, don't rush to promote the so-called "ultra-sound money" theory, because even the burn amount of that day is only equivalent to 81% of SOL's daily issuance.

Summary: Solana's Weekend

This weekend was undoubtedly Solana's as $TRUMP, MELANIA, and $SOL took center stage in the market. Meanwhile, ETH's market sentiment once again turned negative.

Original Article Link

You may also like

Morning Report | BitMine increased its holdings by 126,971 ETH last week; trader Eugene announced his exit from the crypto market

Overview of Important Market Events on June 8th

Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times profit by investing in storage stocks? (Seven) - A quarter-century cycle

In-depth analysis of the "reflexivity" bubble trap in storage stocks: Beware of the backlash from the bullwhip effect and the false narrative of high growth; do not let the short-term myth of wealth become a wealth abyss that cannot be recovered for 25 years.

Get Paid to Onboard? Try WEEX’s New Homepage with Rewards for Registration, Deposit & Trade

WEEX just launched a brand new homepage and a 3-step new user onboarding guidance. Complete Registration → Deposit → Trade to earn exclusive rewards. Faster navigation, clear progress, and instant bonuses. Download the latest WEEX App to try it now.

WEEX Custom Layout: Build Your Perfect Trading Workspace in Seconds

WEEX introduces custom layout on futures trading page: left/right panel switch, hide/show core modules, full-screen focus, and one-click reset. Trade your way now.

See “Buy Walls” & “Sell Walls” Instantly: WEEX Launches the Depth Chart for Smarter Trades

Spot market liquidity at a glance. WEEX’s new Depth Chart shows you buy/sell walls, support & resistance levels, and order book depth. Perfect for large orders and scalping. Try it now on WEEX Futures.

What Is Quick Trade on WEEX? 2 Ways WEEX Ends Chart-Panel Jumping

WEEX has launched the quick trade features on futures trading, allowing you to place orders directly on the price axis. No more switching panels. 4 order units supported. Live on WEEX Futures Web.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com