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

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.

You may also like

Eight departments take strong measures to regulate cross-border brokers, what do you think?

I tested with $10,000: zero wear and tear, annualized 8%, and can earn points (with complete tutorial + screenshots)

Blockchain Capital Partner: The structure of on-chain dual-layer capital is still in the early stages of value discovery

Secured over $60 million in funding from Dragonfly, Sequoia, and others, learn about the on-chain derivatives protocol Variational | CryptoSeed

The financial changes under the new SEC regulations: Opportunities and regulatory red lines behind "tokenized stocks"
Cheers, Charts & AI: A Recap of WEEX Labs' Openguin Party Energy at ETHMilan 26

SpaceX officially submitted its prospectus, unveiling the largest IPO in history

Insiders: DeepSeek is forming a Harness team to compete with Claude Code

Morning Report | SpaceX reveals it holds approximately $1.45 billion in Bitcoin; Nvidia's Q1 financial report shows revenue of $81.6 billion; Manus plans to raise $1 billion for buyback business

IOSG Founder: Please tell Vitalik the truth, let the OGs who have enjoyed the industry's dividends enlighten the young people

Morning Report | Deloitte acquires crypto infrastructure company Blocknative; stablecoin company Checker completes $8 million financing; a16z may have become the largest external institutional holder of HYPE

Interpretation of xBubble SOP: Packaging Vibe Coding for non-technical users

From Followers to Price Setters: The Role of the Crypto Market is Reversing

a16z invested $356 million to aggressively acquire HYPE, surpassing Paradigm to become the largest external holding institution

Google officially declares war

Coinbase stuffed USDC into Hyperliquid; who made money from this transaction?

It is Bankless that needs Ethereum, not Ethereum that needs Bankless

