Solana’s Resurgence: Record DEX Volume and TVL Growth Signal Strong Comeback
Solana’s decentralized finance ecosystem is experiencing a robust resurgence, fueled by the broader cryptocurrency market rally. With weekly DEX volumes hitting $35.6 billion and protocol revenue reaching $25.9 million, the network is demonstrating significant growth and adoption. This article delves into the key developments driving Solana’s comeback and what it means for the future of the network.
Solana Network Sees Resurgence with Record DEX Volume and TVL Growth
Solana’s decentralized finance ecosystem is staging a robust comeback, buoyed by the broader cryptocurrency market rally. Weekly decentralized exchange (DEX) volumes on the network surged to $35.6 billion, the highest level in over two months. This momentum drove protocol revenue to $25.9 million, according to Blockworks Research.
The network maintained an average throughput of approximately 1,190 transactions per second (TPS) during this period. Solana’s share of the SOL-USD trading market expanded from 27% to 38%, reflecting heightened demand for its native token. Total value locked (TVL) on solana has risen sharply, signaling renewed confidence in the platform’s DeFi capabilities.
Raydium Q1 2025 Report: Meme Token Frenzy Fades as Volumes Decline
Raydium solidified its dominance as Solana’s leading decentralized exchange in Q1 2025, despite a rollercoaster quarter. January’s trading volumes skyrocketed to $195.8 billion, fueled by the viral TRUMP meme token launch. The protocol hit a single-day record of $16 billion on January 19.
By March, the momentum collapsed. The meme token rally lost steam, dragging down overall activity. Network Perps—Raydium’s new offering—saw early adoption but couldn’t sustain interest amid broader market cooling.
The quarter ended with average daily volumes of $3.6 billion, a 12.7% increase QoQ. Yet the trajectory reveals fragility: explosive growth followed by rapid contraction when speculative fervor faded.
Global Dollar Network Expands to 25+ Members, Fueling Stablecoin Adoption
The Global Dollar Network (GDN) has accelerated its growth trajectory, adding 19 new partners including BitMart and Arculus. This expansion brings total membership to over 25 entities, collectively serving 42 million users worldwide through the USDG stablecoin.
Solana-based USDG transactions now offer institutions a compelling trifecta: rapid settlement, minimal fees, and enterprise-grade security. The network’s innovative revenue-sharing model continues to attract ecosystem participants since its November 2024 launch.
Market observers note the timing coincides with increasing institutional demand for compliant dollar-pegged assets. GDN’s partner incentives appear strategically designed to capitalize on this trend while addressing liquidity fragmentation across exchanges.
Moo Deng Price Prediction: Solana Meme Coin MOODENG Surges 110% in 24 Hours—Is $0.05 the Next Stop?
Moo Deng, a Solana-based meme coin inspired by a viral Thai pygmy hippo, has surged 110% in 24 hours, defying the broader decline in meme coin hype. Trading at $0.27 with a market cap of $265 million, MOODENG’s rally is fueled by its recent feature on Binance’s Alpha platform, which highlighted its potential.
The coin’s 24-hour trading volume exceeded $1.1 billion, placing it among May 2025’s top-performing Solana meme tokens. Market participants are now speculating whether MOODENG can breach the $0.05 resistance level.
