$SOL Dominates Solana with $67.8 Billion Trading Volume

In a significant development in the world of crypto, $SOL is leading the Solana network with a remarkable trading volume of $67.8 billion. This impressive figure underscores the high level of activity and interest in Solana’s native token. It also reflects its position as a key player in the crypto market, according to recent data from Phoenix.

TOP #SOLANA TOKENS BY WEEKLY TRADING VOLUME$SOL $WIF $FIDA $BONK $JUP $GMT $PYTH $GRT $JTO $DRIFT $PRCL $CVC $TNSR $SAMO $RAY pic.twitter.com/ga6SpKkPlU

— PHOENIX – Crypto News & Analytics (@pnxgrp) September 22, 2024

$WIF Token Sees Impressive $1.7 Billion Trading Volume

After $SOL, there are other tokens that have made remarkable trading volumes in the market. On the same note, the $WIF token recorded trading volume of 1.7 billion, showing traders’ interest. On the same note, other widely trending token, $BONK trading volume stood at $1.2 billion, proving investors’ interest.

The $FIDA token recorded a trading volume of $41.1 million, which gives credibility to the entity. Furthermore, the $JUP token hit $1.1 billion in trade volume and the $GMT token, associated with the STEPN project, had a trading volume of $339.7 million.

The $PYTH token was equally active to the$ JUP’s trading volume with $1.1 billion, give significance position of the token in Solana ecosystem. At the same time, the Graph ($GRT) presented highly impressive results as the primary protocol for indexing and querying data on the blockchain with the trading volume of $1.5 billion.

Solana Network Shows Strong Activity Beyond $SOL

Others are $JTO with $ 275.7 million transaction volume and $ DRIFT with $153.1 million. The trading volume of $CVC token increased up to $ 117 million, and $TNSR recorded up to $ 47.6 million. Likewise, the community-based token, the $SAMO, registered trading volume of $24.8 million. Last but not the least, the $RAY token that powers automated market making on Solana moved $408.8 million worth of trading volume.

The above data shows active trading in the Solana network with $SOL outperforming all others by a considerable margin. Regarding the tokens, targeting a diverse array of opportunities, the constantly growing number of tokens underlines the continuous development of the ecosystem among traders. These tokens are gaining huge attention from investors while each plays a significant role in the Solana ecosystem. Overall, the data provided by Phoenix indicates the fact that wonderful things are happening with the Solana ecosystem.

Source