Solana Confirmed as #1 DEX Trading Network — Can SOL Break $210 on VanEck ETF Hype?
New data confirms Solana (SOL) as the world’s top blockchain for decentralized exchange (DEX) volume, outpacing Ethereum for 10 of the past 11 months — including a record $262B in January 2025, 204% higher than Ethereum. Now, with VanEck filing for a JitoSOL ETF
Solana Dominates DEX Volume — The Data Is In
For over a decade, Ethereum was the king of decentralized trading.
That era is over.
According to Artemis and SolanaFloor, Solana has now surpassed Ethereum in DEX volume for 10 consecutive months — a seismic shift in real user activity.
🔹 Key Volume Milestones
| Month | Solana DEX Volume | Ethereum DEX Volume | Solana Lead |
|---|---|---|---|
| Jan 2025 | $262B (Artemis) / ~$400B (SolanaFloor) | $86B | +204% |
| July 2025 | $124B | ~$87B | +42% |
Even with variance between analytics platforms, the trend is undeniable:
Solana isn’t just competitive — it’s dominant in decentralized trading.
Why Traders Are Choosing Solana Over Ethereum
It’s not hype — it’s user experience.
| Factor | Solana | Ethereum |
|---|---|---|
| Transaction Speed | Sub-second finality | 12–15 sec (L1), faster on L2s |
| Fees | <$0.001 per trade | $1–$5+ on L1 |
| DEX Experience | Instant swaps, no delays | Gas wars, slippage |
| Top DEXs | Jupiter, Orca, Raydium | Uniswap, Sushi, Curve |
For retail traders, DeFi degens, and NFT flippers, Solana offers a frictionless experience — and that’s why volume has migrated.
As one trader put it:
“I don’t trade on Ethereum anymore. It’s like using dial-up in the broadband era.”
VanEck JitoSOL ETF: The Next Catalyst
The momentum isn’t just retail — institutions are coming.
VanEck has filed for the first-ever spot Solana ETF backed by JitoSOL, a liquid restaked token that earns yield from Solana’s DeFi ecosystem.
🔹 Why This Matters
- First Solana staking derivative ETF — a major institutional milestone
- Could unlock billions in pension and wealth fund inflows
- Validates Solana’s staking economy (Jito, Marinade, K-Layer)
This follows the same playbook as Bitcoin and Ethereum ETFs — but with higher yield potential.
Staking TVL Surges as Institutional Demand Grows
The JitoSOL ETF speculation is already fueling demand:
- Total Value Locked (TVL) in Solana staking: $3.2B+
- JitoSOL dominance: Over 70% of liquid staking market
- Restaking protocols (K-Layer, EigenLayer on SOL) gaining traction
This isn’t just yield chasing — it’s infrastructure building.
And it’s making SOL a productive asset, not just a speculative one.
Technical Outlook: $210 Break Could Unlock $250 Rally
Solana is at a critical inflection point.
| Metric | Update |
|---|---|
| Current Price | $204.82 |
| Weekly Change | +8.48% |
| Monthly Change | +12.48% |
| YTD Gain | +33.54% |
🔹 Key Levels
- Support: $190 (strong demand zone)
- Resistance: $210–$215 (next breakout target)
- Medium-Term Target: $295 (all-time high)
🔹 Indicators
- RSI: 63–65 — bullish but not overbought
- MACD: Strongly bullish crossover
- Volatility: 5.45% — room for explosive moves
A daily close above $210 could trigger a run to $240–$250 by end of September, especially if the ETF news gains momentum.
Final Outlook: Solana Is No Longer Chasing Ethereum — It’s Leading
The narrative has shifted.
Solana is no longer the “fast Ethereum alternative.”
It’s the preferred network for real-world DeFi activity.
With:
- ✅ #1 DEX volume for 10+ months
- ✅ VanEck JitoSOL ETF filed
- ✅ Staking TVL surging
- ✅ Technical breakout forming
…SOL isn’t just holding its ground.
It’s setting the pace.
And if it breaks $210?
The next leg of the bull run may be written in Solana code.
