Points of Focus

• Solana DEXs outpaced Bybit, Coinbase, and Kraken in weekly spot volume for a fifth straight week.
• Seven-day Solana DEX volume reached $10.56 billion, up 7.47% week over week.
• SOL held near $73.49, with $74 to $76 marking the first resistance zone.

Solana traded at $73.49 on Tuesday, up 0.3% over seven days, as its decentralized exchanges maintained a five-week lead over Bybit, Coinbase, and Kraken in weekly spot volume. The muted price move indicates that higher on-chain turnover has not yet translated into a technical breakout for SOL.

Solana DEX volume extends five-week CEX lead

SolanaFloor reported on August 3 that Solana-based DEXs ranked second only to Binance for the fifth consecutive week. DefiLlama’s current chain dashboard recorded $10.56 billion in seven-day DEX volume, up 7.47% from the prior week, with about $1.61 billion processed over 24 hours.

📈Report: @Solana has surpassed major CEXs, including @Bybit_Official, @coinbase, and @krakenfx, in weekly DEX spot trading volume for the fifth consecutive week, ranking second only to Binance. pic.twitter.com/DEhHCPlcoc

— SolanaFloor (@SolanaFloor) August 3, 2026

The five-week run shows that Solana’s on-chain spot activity has remained elevated rather than reflecting a one-week spike. Pump led the network with $4.44 billion in seven-day volume, followed by BisonFi at $900.82 million and Orca at $801.18 million, according to DefiLlama.

The comparison needs context. Solana’s figure combines activity across the entire network, while Bybit, Coinbase, and Kraken are measured as individual exchanges. Binance also remained ahead, so the ranking shows the scale of Solana’s on-chain trading without proving that its DEXs have overtaken centralized exchanges collectively.

SOL price faces $74 to $76 resistance

SOL has yet to convert that trading activity into a technical reversal. On the daily chart, the $74 to $76 range remains the first resistance area, while $71 to $72 provides nearby support. TradingView’s August 4 technical rating remained on sell, keeping the rebound vulnerable unless buyers reclaim the resistance range.

A daily close above $76 would improve the short-term structure. A break below $71 would expose a deeper retracement and weaken the stabilization seen around $73. Pseudonymous crypto commentator Pepesso identified $45 to $60 as the broader demand zone and said a move above $100 would provide the first meaningful confirmation of a sustained recovery.

🚨 $SOL HAVE ONE OF THE CLEANEST SETUPS IN CRYPTO RIGHT NOW

Down from $295 (January 2025 high) to $73 today – a brutal correction, still playing out

$45-$60 is the zone that matters here – this exact area launched 2023-2024 SOL bull run when buyers stepped in

We are still well… pic.twitter.com/zozL8apAEp

— Pepesso (@0xPepesso) August 3, 2026

Bot activity limits the DEX volume signal

High volume alone doesn’t measure how much fresh capital is buying SOL. A July 30 study by researchers from Zhejiang University, Nanyang Technological University, and Monash University analyzed 200 Solana bot addresses tied to more than 44.1 million transactions. The paper cited bot-related DEX trading above $250 million per day in January 2026.

The study cautions against treating all DEX turnover as organic investor demand. The five-week ranking still shows active markets, but buyers need to push SOL above $76 to confirm a stronger short-term structure. At the $73.49 snapshot, SOL remained below both the $76 resistance threshold and Pepesso’s $100 recovery marker.