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2024/10/21 02:02

 Solana Price Analysis: Will Solana’s Bull Run Pu

Solana Price Analysis: Will Solana’s Bull Run Push It to $1,400 After Beating ETH?

The Solana (SOL) price may have reversed sharply back from its intro-day highs near $160, but things are looking up for the market-leading crypto.

Solana, a layer-1 blockchain famed for its speed and low cost of use, is experiencing strong growth in on-chain activity thanks to Solana meme coin trading activity.

The blockchain’s on-chain growth is such that Solana-based DEX trading volumes have exceeded that of the DEX volume on Ethereum over the past 24 hours and seven days.

Ethereum is widely seen as the leading smart-contract-enabled layer-1 blockchain.

Its 24-hour DEX volume was $1.819 billion, with volumes clocking in at $8.957 billion in the past seven sessions, per DeFi Llama.

By contrast, Solana has seen $1.858 billion in DEX volumes in the past 24 hours and $9.52 billion in the past seven sessions, per DeFi Llama.1729220986750.png

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