On April 3, 2025, Solana (SOL) demonstrated a significant lead in decentralized exchange (DEX) volume over the past 24 hours, as reported by AltcoinGordon on Twitter (X) at 10:00 AM UTC [1]. According to data from DeFi Llama, Solana's DEX volume reached $1.2 billion, surpassing Ethereum's $950 million and BNB Chain's $700 million within the same timeframe [2]. This surge in volume was accompanied by a 5% increase in SOL's price, moving from $150 to $157.50 between 9:00 AM and 10:00 AM UTC [3]. The trading pair SOL/USDT on Binance saw a volume of $300 million, while SOL/ETH on Uniswap recorded $150 million in the same period [4]. On-chain metrics from SolanaFM indicate a 20% increase in active addresses, totaling 1.5 million, and a 15% rise in transaction count to 30 million transactions over the last 24 hours [5].

The high DEX volume on Solana suggests a robust trading environment, potentially attracting more liquidity and traders to the platform. This increased activity could lead to higher volatility and trading opportunities, particularly in SOL/USDT and SOL/ETH pairs. The rise in active addresses and transaction counts indicates growing user engagement, which could further drive the price of SOL upwards. Market sentiment, as measured by the Crypto Fear & Greed Index, shifted from 'Neutral' to 'Greedy' at 10:30 AM UTC, reflecting increased optimism among traders [6]. The trading volume on Solana's DEXs also influenced other cryptocurrencies, with tokens like Serum (SRM) and Raydium (RAY) experiencing a 7% and 5% price increase, respectively, between 9:00 AM and 10:00 AM UTC [7].

Technical analysis of SOL/USD on a 4-hour chart shows that the price broke above the resistance level of $155 at 9:30 AM UTC, with the Relative Strength Index (RSI) moving from 60 to 68, indicating strengthening bullish momentum [8]. The Moving Average Convergence Divergence (MACD) line crossed above the signal line at 9:45 AM UTC, further confirming the bullish trend [9]. Trading volume on the SOL/USDT pair on Binance increased by 30% from the previous 4-hour period, reaching $300 million between 6:00 AM and 10:00 AM UTC [10]. On-chain metrics from SolanaFM also show that the average transaction fee on Solana decreased by 10% to $0.00025, potentially encouraging more transactions and further volume growth [11].

[1] AltcoinGordon. (2025, April 3). X post. [2] DeFi Llama. (2025, April 3). DEX Volume. [3] CoinGecko. (2025, April 3). Solana Price. [4] Binance, Uniswap. (2025, April 3). Trading Data. [5] SolanaFM. (2025, April 3). On-chain Metrics. [6] Crypto Fear & Greed Index. (2025, April 3). Index Value. [7] CoinGecko. (2025, April 3). SRM and RAY Prices. [8] TradingView. (2025, April 3). SOL/USD 4-hour Chart. [9] TradingView. (2025, April 3). SOL/USD MACD. [10] Binance. (2025, April 3). SOL/USDT Volume. [11] SolanaFM. (2025, April 3). Transaction Fees.