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Foreign token volume on Solana hits second weekly ATH at $2.2B, 13% of spot DEX volume

Solana also became a top-three venue for $HYPE spot trading during the surge, moving ahead of Coinbase, OKX and other centralized exchanges.

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Summary

Foreign token volume on Solana logged a second consecutive weekly all-time high, reaching a record $2.2 billion and accounting for 13% of spot DEX (decentralized exchange) volume. The jump coincided with Solana becoming a top-three venue for $HYPE spot trading, surpassing Coinbase, OKX and other centralized exchanges, showing its growing role in that market.

Terms & Concepts
  • ATH: All-time high, the highest level a metric has ever reached.
  • DEX: A decentralized exchange where users trade directly on-chain.
  • spot trading: Immediate trading of an asset rather than a futures contract.