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Solana (SOL) traded around $75 at the time of writing, holding steady as its decentralized exchanges (DEXs) generated $4.15 billion in 24-hour trading volume, the highest daily total ever recorded on the network. The figure comfortably surpassed BNB Chain’s $1.28 billion, extending Solana’s lead as the largest blockchain network for daily DEX activity.
The onchain milestone comes while SOL remains below key longer-term moving averages (MAs) and has struggled to break above the $76-$78 resistance zone. The disconnect suggests network activity is strengthening faster than price, leaving traders watching whether sustained ecosystem growth can eventually shift market sentiment.
The latest surge was supported by broad participation across Solana’s decentralized finance (DeFi) ecosystem rather than a single protocol. DefiLlama data showed PumpSwap leading all DEXs with $372.7 million in 24-hour volume, followed by Manifest Trade at $181.5 million and BisonFi at $171.7 million. Orca generated $139.9 million, while Raydium added another $80.7 million, highlighting how trading activity remains distributed across multiple liquidity venues instead of relying on one dominant platform.
The broader ecosystem also continued to strengthen. Solana-based applications generated more than $18 million in revenue last week, while Circle minted another 500 million USDC (USDC) on the network during the past 24 hours, adding fresh stablecoin liquidity that supports onchain trading and payments.
📊DATA: @Solana dApps generated over $18 million in revenue last week, outperforming all other chains in dApp revenue.@pumpfun led the chart, while @Collector_Crypt maintained the second spot, and @pacifica_fi surged to third place. pic.twitter.com/INqCbhXjIr
— SolanaFloor (@SolanaFloor) July 13, 2026
Solana also reported that newly launched cross-chain assets generated $3.5 billion in trading volume across 14 million trades during the past six months, showing that liquidity continues to deepen beyond native SOL markets.
In six months, new assets that launched on Solana traded $3.5B across 14M trades and 221,000 wallets.
Most of them were born on other chains (like AVAX, HYPE, UNI or MON).
Now some of their deepest trading happens right here via @sunrise 🧵 pic.twitter.com/6hVxT7aKMX
— Solana (@solana) July 13, 2026
Stronger network activity has yet to translate into a decisive recovery in the Solana price.
SOL traded near $74.95, below its 50-day ($78.27), 100-day ($82.18), and 200-day ($110.05) moving averages (MAs), while the 20-day average ($74.72) remained close to the current price. The positioning points to short-term consolidation, though the broader trend remains weak until SOL reclaims its medium-term averages. Immediate resistance sits between $76.53 and $78.27, while $72-$73 remains the nearest support zone.
Momentum indicators also paint a cautious picture. The daily relative strength index (RSI) stood at 46.76, remaining below the neutral 50 level, while the four-hour RSI dropped to 34.52, indicating that selling momentum has weakened in the short term, although buyers have yet to regain control of the trend.
The moving average convergence/divergence (MACD) has edged into positive territory, although the signal lines remain tightly compressed, showing momentum has yet to confirm a sustained reversal.
The technical picture remains at odds with Solana’s improving onchain metrics. A move above the $76.53-$78.27 resistance zone would strengthen the case for a broader recovery, while a break below $72 support would leave the recent consolidation vulnerable to another leg lower.
The record DEX figure should also be viewed in context.
SolanaFloor reported that part of the July 11 surge stemmed from nearly 400,000 flash loan transactions triggered by a pricing bug in ZeroFi’s DRAM/USDC pool. The incident generated more than $4.7 billion in trading volume, while attackers reportedly extracted about $45,000 from the exploit. Although the event inflated daily DEX activity, it does not fully explain Solana’s leadership in decentralized trading, as the network has consistently ranked among the busiest blockchain ecosystems for DEX volume throughout 2026.
NEWS: @Solana flipped Binance in DEX spot trading volume on July 11, but the surge was largely driven by a pricing bug exploit on ZeroFi's DRAM/USDC pool.
Nearly 400K flash loan transactions generated over $4.7B in volume, with roughly $45K stolen. pic.twitter.com/TQwEilNCBO
— SolanaFloor (@SolanaFloor) July 13, 2026
The broader data still points to sustained ecosystem growth. Galaxy Research said Solana has led all blockchain networks in DEX trading volume for five consecutive quarters while expanding activity across stablecoins, tokenized assets, lending, and institutional infrastructure. Those metrics suggest the network’s trading activity extends beyond isolated daily spikes, even when individual sessions are influenced by one-off events.
SOL remains below key MAs despite stronger DEX activity, fresh USDC liquidity, and rising decentralized application (dApp) revenue. A break above the $76.53-$78.27 resistance zone would provide the first technical sign that improving network fundamentals are beginning to support price.
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