Solana DEX Volumes Lead Market as SOL Price Rallies

Solana's decentralized exchanges have reported spot trading volumes exceeding those of several major centralized platforms for the ninth consecutive week, cementing its position as a leading venue for onchain activity. According to data cited by market trackers, Solana's DEX ecosystem now ranks second only to Binance in weekly spot volume, a sustained performance that underscores its growing influence within the cryptocurrency landscape. This activity coincides with a significant price rally for the SOL token. Solana is trading above $94, marking a 27% gain over the past week and reaching its highest level in two months.