Solana DEXs exceed major exchanges for ninth straight week

Solana’s decentralized exchanges (DEXs, on-chain trading platforms) have recorded higher weekly spot volumes than several major centralized exchanges, including Bybit, Coinbase and Kraken, for the ninth consecutive week. Data cited by @SolanaFloor places Solana’s DEX ecosystem second only to Binance by weekly spot volume. Solana is currently priced between $95 and $101, with a market capitalization in the mid-$50 billion range, while prediction-market odds of reaching $160 in August stand at 1%. Recent inflows into Solana-based ETFs and ecosystem developments, including the integration of leveraged markets into Solana’s mobile wallet, could influence sentiment and signal growing institutional interest. Investors are also watching network upgrades, ecosystem integrations, ETF approvals, institutional investment, macroeconomic conditions and regulatory changes affecting high-beta altcoins.

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