Solana DEX Ecosystem Explosion: Daily Trading Volume Breaks 10 Million, How to Seize New On-Chain Trading Opportunities?

A leading on-chain DEX aggregator on the Solana chain has recently surpassed a daily trading volume of 10 million USD, with over 1,000 active wallets per day.

Meanwhile, data on the Gate platform shows that the total staked mining amount of SOL on-chain has increased to 450,700 tokens, providing users with diversified yield options.

01 Market Hotspot: Why Is Solana DEX Trading Volume Reaching New Highs?

Decentralized exchanges in the Solana ecosystem are experiencing a significant boom.

According to the latest on-chain data, a top Solana DEX aggregator’s daily trading volume has stabilized between 7 million and 11 million USD, having previously broken the 10 million USD mark. Behind this figure is the continuous interaction of over 1,000 active wallets daily, indicating a solid user base with high engagement.

Active trading pairs show diversification. Trading volumes for pairs like PYBOBO-USDC, USDT-xAUt0, TSLAx-USDC, and MON-USDC are notably leading. This diversity reflects the richness of asset types within the Solana ecosystem, from mainstream stablecoins to various innovative tokens, with liquidity being effectively aggregated and utilized.

02 Market Volatility: Liquidations and Opportunities Coexist for SOL

In response to the prosperity of the DEX ecosystem, Solana’s native token SOL has recently experienced high volatility, directly impacting on-chain trading activity.

As of December 18, SOL faced approximately 31.15 million USD in liquidations over the past 24 hours, ranking third among cryptocurrencies by liquidation amount that day. This mainly stems from a general market price correction and liquidity liquidation clusters near the 123 USD level, exerting pressure.

Market data shows that SOL’s price recently broke through 130 USD but then faced resistance. Technical analysis indicates that SOL needs to break through a key resistance at 132 USD to resume an upward trend, with significant support levels at 126 USD and 124 USD below.

On the Gate platform, the total open interest in SOL contracts reached 9.222 billion USD, with perpetual contracts accounting for a significant share. This high open interest indicates active market participation but also amplifies risks during volatility.

03 Ecosystem Dynamics: What Is Driving Solana DEX Growth?

The rapid growth of the Solana DEX ecosystem is not accidental, backed by a solid network infrastructure and multiple driving forces.

First is the maturity of underlying technology. Solana’s high throughput and low transaction costs make it naturally suitable for DEX scenarios requiring high-frequency, small-value interactions. As network stability continues to improve, developer and user confidence is also increasing.

Second is the deployment and expansion of well-known projects. The decentralized derivatives exchange dYdX recently opened Solana spot trading to U.S. users, marking mainstream DeFi protocols’ recognition and increased focus on the Solana ecosystem.

Innovative applications within the ecosystem have also played a key role. For example, the leveraged prediction market Space on Solana launched a token public sale on December 18, further enriching the ecosystem’s financial application scenarios. These new projects bring in new assets and liquidity, energizing the entire DEX market.

04 Mainstream Participation: How Are Institutions and Platforms Deploying on Solana?

Institutional and large-scale capital attention to the Solana ecosystem is increasing. The entire Solana spot market recorded large order transactions totaling up to 48.58 million USD within 24 hours, with buy and sell pressures roughly balanced. This indicates that the market is not purely bearish, and significant disagreements and battles exist among large funds.

Trading platforms are actively embracing this trend. Mainstream exchanges like Gate not only offer SOL trading pairs but also deeply participate in its on-chain ecosystem. For example, the SOL staking on Gate continues to grow, with an annualized yield of up to 16.00%.

For users wishing to participate in the Solana DEX ecosystem but preferring centralized custody, platforms like Gate provide a bridge. Users can conveniently trade SOL and related assets within the platform, while also accessing on-chain DEX liquidity opportunities through the platform’s gateway.

05 Trading Strategies: Finding Opportunities in Solana’s Volatility

Faced with the high volatility of the Solana market, whether trading SOL itself or participating in its ecosystem DEX, clear strategies are essential.

For spot traders, key price levels should be monitored. The 132 USD level can be seen as a short-term strength/weakness boundary; a successful breakout could open upward potential. The 124 to 126 USD range serves as an important support zone, and a breakdown below warrants caution for further correction.

For on-chain DEX participants, liquidity depth is crucial. Prioritize pools with stable trading volume and mature trading pairs (such as those paired with USDC or USDT) to avoid extreme slippage and impermanent loss.

Using platform tools to manage risk is vital. For example, Gate offers advanced order types and real-time analysis tools that help traders execute strategies more precisely and manage risks amid volatility in SOL against GBP or other fiat pairs.

Future Outlook

The daily trading volume data of on-chain DEX in Solana reveals vigorous capital flow within the ecosystem. Large institutional orders frequently move in and out across major exchanges, with buy and sell forces continuously battling at the level of several million USD.

Looking at comprehensive platforms like Gate, over 450,000 SOL tokens are quietly generating yields through staking, while the 2.223 billion USD in SOL perpetual contract open interest acts like a silent iceberg, hinting at market expectations and larger battles ahead.