Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Solana is leading the weekend in cryptocurrency trading, ahead of Bitcoin and Ethereum.
ALTCOIN NEWS

Solana is leading the weekend in cryptocurrency trading, ahead of Bitcoin and Ethereum.

By Crypto FlexsDecember 26, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana is leading the weekend in cryptocurrency trading, ahead of Bitcoin and Ethereum.
Share
Facebook Twitter LinkedIn Pinterest Email

Solana’s SOL has seen a notable surge in trading volume over the past weekend, surpassing Bitcoin and Ethereum combined. This surge signals a significant shift in trader interest, putting Solana at the top of the weekend cryptocurrency market.

Solana trading volume increases

The cryptocurrency landscape underwent a notable change over the weekend, with Solana trading activity surpassing Bitcoin and Ethereum on major centralized exchanges.

Coinbase executive Conor Grogan was one of the first to notice this milestone on December 24, noting that Solana’s SOL had surpassed the total trading volume of Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization. It was noted that there was stronger trading activity.

Validated by market analysts

Riyad Carey, market analyst at Paris-based cryptocurrency analytics firm Kaiko, backed up this observation. Carey pointed out that the same pattern of Solana’s increasing trading volume can be seen on platforms such as Kraken and Gemini, two major U.S.-based cryptocurrency exchanges.

Solana has made significant inroads into the cryptocurrency market, surpassing Bitcoin and Ethereum in trading volume on major exchanges, as well as recently surpassing them on UPbit and MEXC.

Solana’s influence is growing across trading platforms.

Solana’s SOL trading activity consistently surpassed that of Bitcoin and Ethereum for two days on UPbit and three days on MEXC. These trends highlight Solana’s rapidly growing influence across various cryptocurrency trading platforms, indicating its growing popularity and rising investor confidence.

Kaiko’s Riyad Carey presented a graph that clearly shows the increase in trading activity for Solana compared to Ethereum and Bitcoin. According to the data in the graph, Solana’s trading volume is approaching 40% of all trading activity on centralized cryptocurrency platforms, while Ethereum and Bitcoin’s trading volume is decreasing, suggesting that Solana will be the focus of investor interest. .

Carey noted that these numbers are unparalleled, emphasizing the enthusiasm Solana continues to drive in the market. Solana’s continued dominance in trading volume is a clear sign of its growing status and potential as a leading digital asset in the cryptocurrency space.

Factors Driving Solana’s Trading Volume Growth

Over the past year, Solana has seen remarkable expansion, successfully surpassing its previous connection with Sam Bankman-Fried, the infamous founder of the now-defunct FTX cryptocurrency exchange. Despite these adversities, Solana’s network prospered and its user base multiplied.

Strategic partnerships with major global financial institutions, including Visa and Shopify, have been instrumental in Solana’s growth. This collaboration leverages blockchain technology to transform the payment process, significantly enhancing SOL’s network appeal to a global audience. By combining it with a well-established financial infrastructure, Solana has proven its practicality and potential in tangible applications.

The surge in interest in the Solana-based BONK memecoin and the rise of decentralized finance (DeFi) activity on smart contract-enabled blockchains have played a significant role in the recent uptrend.

These strategic developments and growing market interest have led to significant increases in SOL prices. Since the beginning of the year, Solana’s price has surged more than 800%, reaching nearly $120 as of the latest report.




Post navigation

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Coinbase adds a pancake swap to Roadmap to Surges for BNB Chain Dex to record $ 173,000,000 in monthly.

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Coinbase adds a pancake swap to Roadmap to Surges for BNB Chain Dex to record $ 173,000,000 in monthly.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025
Most Popular

Can it recover after earnings revision?

October 8, 2024

QRDO Foundation and EQ LAB announce strategic partnership to launch Warden Protocol

January 31, 2024

Solana is a rally of more than $ 500 -Peter Brandt forecast evaluation

May 26, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.