šŸ“° Why Did Miners Suddenly Surrender? Solana DEX Trading Volume First Surpasses the NYSE

Last week, trading volume on the Solana chain reached 20.8 million transactions, впервые exceeding the NYSE’s roughly 19 million daily transactions. This doesn’t change the economic value gap between Solana and Wall Street, but it shows that on-chain trading activity is expanding rapidly. This milestone highlights the potential of decentralized exchanges—and Solana is taking another step forward in closing the gap with Nasdaq.

Why is this news important?
The core reason Solana’s DEX trading volume surpassed the NYSE is that it reflects how on-chain economic systems are penetrating traditional finance. When decentralized exchanges can handle trading activity close to the scale of the NYSE, it indicates that Web3 is completing the leap from experiments to mainstream applications. Behind this news are user migrations driven by the Solana network’s efficiency and low costs, as well as DeFi 2.0’s shift from hype to practical functionality. Against the backdrop of tightening regulation and strained liquidity in traditional financial markets, on-chain trading becomes a new channel for transferring value—meaning capital is looking for liquidity pools that aren’t constrained by geography.

Market impact
The impact on BTC and ETH prices is mainly reflected at the sentiment level. The downtrend near ETH $2,675.29 may receive interim support from this news. Solana’s success validates that a non-institutional trading system can reach the scale of traditional exchanges, which could boost other public chains and altcoins. A more far-reaching effect is that it may change regulators’ stance toward DeFi—when trading volume is approaching the level of the NYSE, a laissez-faire attitude will be hard to sustain. In terms of capital flows, this means some funds may shift away from the crypto hype arena and toward building on-chain economic infrastructure.

Trading idea
šŸ’” There is interim support for ETH in the $2,675–$2,700 range. If Solana’s on-chain trading volume continues to maintain at least 90% of the NYSE share, ETH may potentially bottom out in the short term and rebound. If regulators strengthen their scrutiny of Solana as a result, this logic would no longer hold.

This article is not sponsored by any project, and the author does not hold the assets mentioned in the article

āš ļø Not investment advice; predictions are for reference only

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