---
title: "This Important Solana (SOL) Metric Hits an ATH: What About the Price?"
url: https://diffcoin.com/this-important-solana-sol-metric-hits-an-ath-what-about-the-price/
description: "Solana's DEX trading volume has climbed above $3 billion on a weekly basis."
published: 2023-11-20
updated: 2023-11-20
author: "Mila"
site: "Diffcoin"
---

# This Important Solana (SOL) Metric Hits an ATH: What About the Price?

**TL;DR**

- **SOL’s Price Surge:** Solana’s token, SOL, reached an 18-month high of almost $70, with its decentralized exchanges’ trading volume jumping by 34%, exceeding $3 billion.
- **Market Position:** Solana has outperformed Binance Smart Chain and Polygon in weekly transaction volume, trailing only behind Ethereum and Arbitrum.
- **Future Price Speculations:** Analysts are split on SOL’s future, with predictions of a potential rise to $1,000 and concerns of a correction due to high levels of FOMO.

## Surpassing the $3 Billion Mark

Solana (SOL) keeps making the headlines in the crypto space. Recently, the token’s price surged to an 18-month high of almost $70, capturing much of the investors’ attention.

According to DefiLlama, the trading volume of Solana’s decentralized exchanges (DEXs) has also witnessed a substantial increase. It jumped by approximately 34% in the past week, exceeding the important milestone of $3 billion.

Ethereum and Arbitrum are the only two blockchain protocols that have seen larger weekly transaction volume, while Solana outpaced Binance Smart Chain and Polygon.

![Solana DEX Trading Volume](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAxNjE3IDI5MiIgd2lkdGg9IjE2MTciIGhlaWdodD0iMjkyIiBkYXRhLXU9Imh0dHBzJTNBJTJGJTJGY3J5cHRvcG90YXRvLmNvbSUyRndwLWNvbnRlbnQlMkZ1cGxvYWRzJTJGMjAyMyUyRjExJTJGU29sYW5hLURFWC5wbmciIGRhdGEtdz0iMTYxNyIgZGF0YS1oPSIyOTIiIGRhdGEtYmlwPSIiPjwvc3ZnPg==)

Solana DEX Trading Volume, Source: DefiLlama

## SOL Heading Towards a Crash or an Astronomical Rise?

Solana’s gains have given analysts the opportunity to speculate on its possible price trajectory in the future. The crypto trader who uses the X (Twitter) handle Jacob Canfield believes the asset could rise to the astonishing $1,000 during crypto’s next bull run cycle.

On the other hand, the FOMO (“Fear of Missing Out”) effect surrounding Solana has reached a one-year high, suggesting a correction could be in the cards.

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[Source link](https://cryptopotato.com/this-important-solana-sol-metric-hits-an-ath-what-about-the-price/)