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

By: blockbeats|2025/01/21 15:15:02

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.

DEX Trading Volume Hits 7 Billion, Visualizing Solana's Supercharged Weekend

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.

Original Article Link

Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...

Young people in South Korea make a "final effort" in the epic bull market

The South Koreans' average of two accounts for wildly gambling in the chip bull market reflects the survival anxiety and harsh reality of countless young people trying to break through class barriers behind the nationwide stock trading frenzy for wealth.

Dialogue with OmenX Founder: Why does the prediction market need an evolution from "spot" to "derivatives"?

How to reconstruct the prediction market using leverage?

When the P2P illicit funds from ten years ago turned into 60,000 bitcoins

The largest Bitcoin money laundering case in the UK has new developments: 16,000 Chinese victims are pursuing 61,000 seized Bitcoins across borders, and the dispute over the applicability of UK and Chinese laws will directly determine whether the victims can share in the soaring profits.

Morning News | CME Group launches Nasdaq Cryptocurrency Index futures; Asset management giant Janus Henderson strategically invests in Ethena

Overview of Important Market Events on June 10

Why did Oracle deliver the strongest financial report in history, yet its stock price fell?

Oracle's revenue for fiscal year 2026 set a record, with AI cloud orders soaring to $638 billion, but massive capital expenditures on computing power led to negative free cash flow, causing a 5% drop in after-hours stock prices.

Bitcoin Layer 2 Network Botanix: Why Did We Choose to Dissolve?

The Bitcoin L2 star project Botanix announced a gradual shutdown, with the team admitting to facing severe challenges from the failure of its business model and the prevailing trends. Users are urged to withdraw all assets before July 9, 2026.

Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing

Overview of Important Market Events on June 9th

Galaxy Deep Research Report: How Hyperliquid's HIP-4 Upgrade Changes the Landscape of Prediction Markets?

The platform that wins this competition will be the one whose execution layer is the hardest to replicate, whose builder ecosystem delivers the fastest, and whose regulatory path is the most open.

Latest research from 13 top universities including Cornell University: The current state, challenges, and misconceptions of the fusion of Crypto and AI

The combination of AI and crypto is still in its early stages, with both serving as complementary "middleware": AI translates human intentions into executable programs, while cryptographic technology provides verifiable and tamper-proof guarantees for computational processes and results. In the dire...

Deconstructing Anthropic: The Best AI Company, Possibly Also a Type of Organizational Invention

Instead of competing with ambition, focusing on restraint, how does Anthropic leverage extreme strategic focus and an "counterintuitive" geek culture to counterattack OpenAI on the AI battlefield?

Every exchange is a "Universal Exchange."

You initially build infrastructure for something, then realize it can also be used for many other things, and then you continuously expand the business to accommodate everything that the infrastructure can support.

The counterattack of traditional finance: Alliance chains are quietly reviving

Whether public chains win or consortium chains win has never been the focus.

Pantera Capital Partner: How Tokenization is Restructuring the Private Equity and Early Investment Ecosystem?

Top tech companies are going public later and later, leaving retail investors shut out during the high growth period. Can tokenization give ordinary people back this entry ticket?

Mastercard Launches Agent Pay for AI, Plans to Record AI Agent Payment Authorizations on Polygon

Mastercard launched Agent Pay for AI, a new payment protocol designed to help AI agents make small payments such as pay-per-use access to data and APIs. The system plans to record human-granted AI agent permissions on Polygon, focusing on verifiable authorization, identity, and payment controls.