Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Solana’s volume makes history. Will SOL follow suit?
ALTCOIN NEWS

Solana’s volume makes history. Will SOL follow suit?

By Crypto FlexsDecember 17, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana’s volume makes history.  Will SOL follow suit?
Share
Facebook Twitter LinkedIn Pinterest Email

reporter

Posted on: December 18, 2023


  • Solana’s trading volume was over $1.5 billion as of December 16.
  • TVL has increased significantly over the past few weeks, reaching $1 billion.

Solana (SOL) has surpassed Ethereum (ETH) on key metrics for the first time in recent history. These developments highlighted recent positive trends observed in the network and its associated tokens.

Solana ranked first in volume.

According to DefiLlama’s analysis of volume indicators, Solana recorded the highest volume as of December 16th. This is a notable achievement considering the network size compared to Ethereum, which ranked second.

Solana recorded over $1.5 billion, and Ethereum recorded approximately $1.1 billion. Solana also had a positive weekly change rate of over 54% during that period.

Solana VolumeSolana Volume

Source: DefiLlama

However, according to the latest data, Ethereum has reclaimed the top spot with a trading volume of over $1.3 billion. Solana, on the other hand, ranked second with a trading volume of over $1 billion.

Notably, these two networks were the only ones with over $1 billion in trading volume at the time of this writing.

Solana Volume Analysis

A more in-depth look at Solana’s daily volume chart shows a consistent upward trend in recent weeks. This move marked the first sustained upward trend in daily trading volume on the network.

Since November, daily trading volume has consistently exceeded $300 million, with a notable increase in December. On December 15, Solana achieved its highest daily trading volume ever, surpassing $1.2 billion.

The second highest trading volume, at over $816 million, occurred around December 8.

This new trend in daily trading volume positions Solana as a strong contender for the highest trading volume. Additionally, Total Value Locked (TVL) has experienced a significant increase along with trading volume.

A closer analysis of TVL shows that it currently exceeds $1 billion as of latest data. This is a significant jump from the approximately $672 million observed earlier this month.

thus Nearly $400 million has been added in the past two weeks.


Read Solana (SOL) Price Prediction for 2023-24


SOL maintains bullish trend

In recent weeks, Solana has shown a surprising trend, recovering price levels not seen in over a year. Despite some difficulties over the past few days, it has consistently maintained the $70 price range.

As of this writing, the daily time frame chart showed a trading value of around $72. Additionally, the Relative Strength Index (RSI) shows that the bullish trend remains, with RSI exceeding 60 at the time of this writing.

SOL/USD price trendSOL/USD price trend

Source: TradingView

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 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

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

RocketX Announces API Beta Launch for Multichain Cryptocurrency Swaps

November 25, 2023

Bitfinex Pay – Release V0.5.3

December 21, 2023

The price of Etherrium changes its weakness to less than $ 2,000.

March 11, 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.