This Past Weekend Was Probably the Craziest Weekend in Crypto. Here Are 10 Charts to Help You Understand

Record DEX trading volumes: The Solana network DEX transaction volume reached 27 billion US dollars, far exceeding ETH's 5 billion US dollars.

Solana (SOL) had a record-breaking weekend with massive DEX trading volumes, indicating a shift in price discovery dynamics. Here's a summary in 10 charts:

1. DEX trading volumes soared to new heights, with Solana surpassing ETH by a significant margin.

2. Specifically, DEX trading volume on Solana surged from an average of around $5 billion to $27 billion, a 5.4x increase.

3. This led to DEX's share of CEX spot trading volume reaching an all-time high of 19%.

4. Funds flowed from Arbitrum to Solana, ETH, and Base, with Solana seeing a net inflow of $153 million.

5. Meanwhile, Arbitrum lost $405 million in the week.

6. Another visualization of Solana traffic showed that around $300 million flowed into Solana each week, mainly from ETH, Base, and Arbitrum.

7. Solana's outflows were around $140 million.

8. Phantom reported over 8 million requests per minute, with users trading $1.25 billion in volume across 10 million transactions.

9. Assuming Phantom's current fee is 0.85%, the swap fee would be $10.6 million.

10. On the day the TRUMP coin was launched, SOL saw its largest single-day price increase against ETH since 2021.