Jupiter Shatters Solana Trading Volume Records – Will SOL Price Rocket?

Solana's decentralized exchange Jupiter just smashed its all-time trading volume record—again. The DEX powerhouse processed more transactions than Wall Street's slowest settlement cycle in the time it took you to read this sentence.

What's fueling the surge?

Speculators are piling into SOL-based DeFi like it's 2021, chasing yield that makes traditional savings accounts look like medieval relics. Meanwhile, Solana's network chugs along at sub-penny fees while Ethereum L2s still argue about roadmap timelines.

The real question: Will this volume tsunami lift SOL's price, or is this just another case of 'number go up' theater? One thing's certain—when the music stops, someone's always left holding the bags.

Source: X

Solana activity hits multi-month highs

Jupiter’s growing dominance aligns with a sharp rise in active addresses on the solana network. According to The Block, Active Address numbers have reached their highest levels since May.

This surge signals rising user engagement across Solana’s DEXs, NFTs, and other DeFi applications—momentum that could potentially drive SOL prices higher.

Source: Block

That’s not all, the number of new addresses on SOL are also witnessing a significant surge since February this year.

Source: Block

That’s not all, new address creation on the Solana network has also surged significantly since February of this year.

Will SOL prices catch up next?

Historically, price action often follows network activity, and Solana’s on-chain fundamentals are currently flashing bullish signals. With on-chain momentum building, SOL has begun climbing on the charts.

Technically, the setup resembles a potential trend reversal. SOL is testing a confluence of trendline support and the Fibonacci golden zone—an area that has marked key turning points in the past.

If history repeats, this zone could once again trigger a reversal.

Adding to that, Solana is nearing a key psychological level at $150, which is closely aligned with its current trading range and deserves attention.

Source: TradingView

If network activity stays high and DEX volume continues to grow, Solana could gain the momentum needed for a strong breakout. 

This spike, combined with rising trading volumes on Jupiter, has the potential to revive SOL’s DeFi ecosystem.