Trump’s memecoin catapults Solana DEX activity to match 10% of Nasdaq’s daily volume

Solana’s decentralized speech (DEX) ecosystem saw unprecedented enactment implicit the weekend, driven by the motorboat of US President-elect Donald Trump’s authoritative memecoin connected the blockchain.

According to DefiLlama data, Solana’s DEX measurement acceptable consecutive all-time highs. It recorded $16.87 cardinal connected Jan. 17, $28.28 cardinal connected Jan. 18, and $27 cardinal connected Jan. 19.

As of Jan. 20, the platform’s DEX trading measurement stood astatine $27.6 billion.

Solana DEX Volume (Source: DeFillama)

These numbers people a singular surge for a blockchain web and correspond astir 10% of the regular trading measurement of NASDAQ, which averages implicit $300 billion.

These surges propelled Solana’s monthly trading measurement to implicit $166 billion, the highest successful its history. Alongside this, DeFillama data shows that the web generated much than $35 cardinal successful fees arsenic of Jan. 20.

Solana Fees and Revenue (Source: DeFillama)

Meanwhile, the network’s occurrence extended to its autochthonal token, SOL, which reached an all-time precocious of $275 connected Jan. 19.

Mert Mumtaz, CEO of Helius Labs, noted that the numbers amusement however Solana is redefining marketplace conditions. According to him:

“We’ve made insane progress. Solana DEXes are flipping accepted banal exchanges, solana apps are placing successful the apical 10 of planetary app stores, and literal presidents of full countries are launching their tokens connected solana.”

The station Trump’s memecoin catapults Solana DEX enactment to lucifer 10% of Nasdaq’s regular volume appeared archetypal connected CryptoSlate.