Altcoin News

Solana Flips Ethereum DEX Volume As Saga Mobile Gets Sold Out & BONK Price Rally

Solana News: Solana chain has surpassed Ethereum chain in DEX volume for the first time in history amid Solana Mobile sells out and Bonk price rally.
Published by
Solana Flips Ethereum DEX Volume As Saga Mobile Gets Sold Out & BONK Price Rally

Solana News: Solana makes history by surpassing Ethereum in 24-hour decentralized exchange (DEX) volume for the first time since its launch in 2020, grabbing the attention of crypto leaders and enthusiasts. The Solana community celebrates this milestone as all Saga Mobile are sold out and meme coin Bonk breaks multiple records.

Advertisement

Solana Flips Ethereum in DEX Volume

Solana chain has surpassed Ethereum chain in DEX volume for the first time in history, according to DeFiLlama data as of December 16. The Solana proof-of-stake (PoS) blockchain was founded by Solana Labs, which was co-founded by Anatoly Yakovenko and Raj Gokal in 2018.

Numerous factors contributed to the achievement of the milestone. It includes massive buying of Solana Mobile, huge trading volumes on Solana-based dog-themed meme coin Bonk, and bullish sentiment on the Solana ecosystem.

Circle CEO Jeremy Allaire calls it a “big day for Solana” as it flips Ethereum and Saga Mobile gets sold out. Solana’s Raj Gokal also reacted to these milestones, saying “Incredible milestone. 6 years in, just getting started!”

Anatoly Yakovenko said he agrees that Solana is better than Ethereum and developers have contributed immensely to the success of Solana. The ecosystem is underway for further improvements with “Solana DeFi 2.0.”

Source: DefiLlama

Also Read: US SEC To Inspect Binance.US Technical Infrastructure, Systems And Software

Advertisement

Solana And BONK Price Action Amid Bullish News

SOL price rallied 15% in a month and hit a high of $79.15. Solana currently trades at $74. The 24-hour low and high are $71.57 and $79.15, respectively. Furthermore, the trading volume has slightly decreased in the last 24 hours. to $1,840,546,027, indicating a rise in interest among traders.

Meanwhile, BONK price fell 22% in the last 24 hours after a 1000% rally in a month, with the price currently trading at $0.0000231. The 24-hour low and high are $0.0000220 and $0.0000315, respectively. The trading volume is still increasing in the last 24 hours.

Coinbase, Binance, and other exchanges listed BONK this week, with experts suggesting a further rally in BONK price.

Also Read: Tether Collaborates With US Regulators For Robust Crypto Security

Advertisement
Share
Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Canary XRP ETF Filing Removes SEC Delay Clause, Targets November Launch

Canary Funds has filed an updated S-1 registration for its XRP spot exchange-traded fund (ETF).…

October 31, 2025
  • News

CFTC, SEC Launch ‘New Era of Collaboration’ to Clarify Crypto Rules, End Regulation by Enforcement

The U.S. Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) have entered…

October 31, 2025
  • News

Senate Committee Finalizes Updated Crypto Market Structure Bill Draft, Release Expected In Days

The U.S. Senate committee is set to release an updated draft of the Crypto Market…

October 30, 2025
  • News

€648 Billion Nordea To Allow Customers to Trade Bitcoin-Linked ETFs

Nordea Bank, one of Europe’s largest financial institutions, is allowing customers to trade Bitcoin-linked funds…

October 30, 2025
  • News

Uphold Joins Gemini, Relaunches XRP Debit Card Following SEC Lawsuit Resolution

Uphold has relaunched its XRP Debit Card across the United States following the resolution of…

October 30, 2025
  • Altcoin News

Breaking: XRP Treasury Evernorth Debuts on Nasdaq Under XRPN Ticker After $1B Token Purchase

Evernorth Holdings, a Ripple-backed XRP treasury company, has officially made its debut on Nasdaq under…

October 30, 2025