Solana: Weekly DEX Trades Top NYSE for First Time
Solana recorded 208 million spot DEX trades versus NYSE's 190 million in the week to September 13, driven by Jupiter's 80 million trades and 185% growth since July lows.
SourceAnalysis
Solana executed 208 million weekly spot DEX trades, eclipsing the NYSE's 190 million for the first time and closing the Nasdaq gap to just 47 million.
Jupiter processed over 80 million trades this month, up 38% month-over-month, fueling the +185% surge in Solana activity from July lows amid broader crypto markets on fire.
Price action on the 4h chart shows SOL at $116.96 inside the Bollinger Bands with upper resistance at $120.61 and lower support at $105.87. The EMA50 at $109.09 and EMA200 at $98.96 act as layered supports while MACD registers a bullish golden cross at 3.02 and RSI sits neutral at 66.98. With price testing upper Bollinger resistance at $120.61 while RSI remains sub-overbought, continuation toward the next volatility band appears probable after any healthy pullback to the 50-EMA.
This volume milestone reinforces bullish SOL price prediction models and highlights Solana ecosystem expansion even as traders watch for any sudden crypto market crash signals or Bitcoin correlation shifts.
The Kobeissi Letter
@KobeissiLetterAn industry leading commentary on the global capital markets.
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