Solana Market Position Strengthens: DEX Volume Surge Drives Growth

Solana has demonstrated resilience in its market position, with its native token SOL rebounding despite a significant decline from its all-time high of $134 on April 14. Although down by 57% from its peak, analysts suggest the altcoin may still experience further rallies. This resurgence is largely fueled by increased decentralized application (DApp) activity and growing deposits on the Solana network.