As of July 21, data from CryptoSlate shows Solana’s market cap surged by over 7% in the past 24 hours, reaching approximately $104 billion, its highest point since January. This follows a notable price increase that pushed SOL to a six-month high of $194.
The growth is also visible in decentralized exchange (DEX) activity. Solana-based DEX platforms processed $23 billion in trading volume over the past week, a nearly 22% increase compared to the previous week.
This uptick in user activity suggests improving liquidity and growing confidence in the network’s scalability and performance.
