Solana Tokens See Major Volume Surge Past Week, $SOL Leading the Pack

Solana-based tokens have recorded significant weekly trading volumes, highlighting their active market presence. Among them, $SOL stands out with an impressive $75.3 Billion trading volume, an increase of 15.7%, and a $112.3B market cap reaffirming its dominance within the ecosystem.

TOP #SOLANA TOKENS BY WEEKLY TRADING VOLUME$SOL $WIF $BONK $ACT #MOODENG $BOME $GOAT $POPCAT $MEW $DRIFT $JUP $PYTH $RAY $SLERF $JTO pic.twitter.com/dsGmZLi7pX

— PHOENIX – Crypto News & Analytics (@pnxgrp) November 17, 2024

Solana Tokens Surge in Volume and Market Cap

Other Solana tokens, including $WIF, followed, registering weekly trading volumes of $9.4 Billion, a surge of 50 %, and a market cap of $3.8B. $BONK recorded $7.4 Billion weekly trading volumes, an increase of 108.8%, and a market cap of $3.5B. These tokens reflect growing adoption and engagement within the Solana network.

Additionally, tokens such as $ACT, $MOODENG, $BOME, and $GOAT showed noteworthy performances. With weekly volumes of $6.4 Billion, $5.2 Billion, $3.6 Billion, and $3.5 Billion, these assets are attracting increasing attention from traders.

The market cap of these tokens indicates consistent growth, adding to the expanding Solana blockchain ecosystem. $MOODENG alone saw a noteworthy price change over the past seven days, aligning with increasing investor interest.

Solana Tokens Show Strength with Diverse Trading Volumes

Moreover, smaller-cap tokens like $POPCAT, $MEW, and $DRIFT maintained steady volumes of $3.3 Billion, $2.5 Billion, and $2.1 Billion. Their participation underscores the broader diversity and robustness of the Solana token market.

In addition, $JUP, $PYTH, $RAY, $SLERF, and $JTO recorded weekly trading volumes of $2.0B, $1.7B, $786M, $669M, and $578M respectively. Their performance highlights the Solana network’s capacity to support diverse projects and attract trading activity.

Despite fluctuations, the 7-day price changes revealed mixed trends across the board, signifying a dynamic trading environment. Solana continues to attract developers and investors alike with its ecosystem-driven momentum.

Source