Solana Hits $22.39B Weekly DEX Volume, $9.44B TVL, SOL Price at $172.88

Solana leads all blockchains in decentralized exchange (DEX) trading volume over the past week, with weekly DEX volume surpassing $22 billion and reaching $22.39 billion, according to multiple reports. Solana’s DEX volume is at a nine-week high. The total value locked (TVL) in Solana’s decentralized finance (DeFi) sector stands at approximately $9.44 billion, a level last seen in February. Most of the gains reflect the return of SOL price above $170, with SOL trading at around $172.88, following inflows from large investors and record DEX trading activity. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io