Solana has fallen by 1% up to now 24 hours, slipping to $124 because the crypto market as an entire falls by 4% in the present day.
SOL stays down by 11% in every week and by 113% in a month, with the sixth-biggest coin out there additionally struggling a 36% decline up to now 12 months.
Nonetheless, it has been in a position to deflect a number of the wider market’s losses in the present day due to the latest launch of Solana-based DEX PumpSwap, which since launching almost two weeks in the past has passed $2.5 billion in cumulative trading volume.
That is a formidable determine 4 such a brand new and area of interest platform, and it in the end factors to Solana’s future progress potential, notably when market situations change into extra favorable once more.
Solana Set to Reclaim $200? PumpSwap’s $2.5B Launch Places DEX Gas Behind SOL
Launched by the crew behind the Pump.enjoyable meme token launchpad, PumpSwap is a new DEX that can instantly record tokens created by way of its guardian platform.
This direct hyperlink with Pump.enjoyable arguably offers it a aggressive edge over different (Solana-based) DEXes and AMMs, resembling Raydium.
Bullishly, it has already expanded from $23.8 million quantity on March 20 to a peak of $348 million solely 4 days later.
It has since trailed off a little bit, however figures nonetheless stay pretty excessive at $203.5 million yesterday, indicating that it has largely consolidated its progress.
After all, the massive query is whether or not PumpSwap will assist generate extra meme token quantity, or will merely take quantity away from present Solana DEXes.
Effectively, trying on the volumes for the aforementioned Raydium, for instance, its TVL has remained pretty constant since PumpSwap’s launch, at round $1.2 billion.
This implies that PumpSwap may assist develop Solana-based token buying and selling general, including efficiencies and worth to the token creation and launchpad companies supplied by Pump.enjoyable.
Its arrival is due to this fact extremely bullish for Solana, which on the very least has averted falling as steeply as the remainder of the market in the present day.
And as we’ve reported in latest days, its indicators appear to be they’ve bottomed out already, with SOL due an enormous restoration in the end.
Its RSI (purple) had risen again in the direction of 50 up to now week, and appears prefer it’s nonetheless on a medium-term upwards climb.
On the similar time, it’s debatable that Solana’s 30-day common (orange) can’t get any decrease in relation to the 200-day (blue), once more pointing to an eventual restoration.
So when coupled with Solana’s nearly peerless fundamentals, SOL’s worth ought to get well within the coming months.
It may return to $200 by June, and hit $260 by This fall.
Layer-Two Tokens Present Large Progress Potential
Now's an excellent time for the Solana ecosystem, with a lot of its related tokens more likely to rally strongly within the medium- and long-term.
This even consists of new tokens that haven’t even launched, with layer-two coin Solaxy (SOLX) being one of the promising new tasks within the area.
It has already raised $28.6 million in its ongoing presale, which is a really robust signal of how effectively it may do as soon as it goes dwell.
Plug in. Launch. Scale. #SOLX
https://t.co/mdaTX9aVVx pic.twitter.com/wGYXUNJ6eo
— SOLAXY (@SOLAXYTOKEN) March 30, 2025
And it additionally boasts over 74,000 followers on X, which once more is an indication of how well-liked it may change into.
The explanation why it’s doing so effectively is that it’s within the technique of launching Solana’s first true layer-network, one which can make the Solana expertise cheaper and simpler for customers.
It is going to present decrease charges and quicker affirmation occasions, whereas additionally enabling instantaneous bridging, together with with chains aside from Solana.
Importantly, it's going to assist Solana customers keep away from the delays and dropped transactions that may nonetheless have an effect on the layer-one community, even with latest community upgrades.
Buyers can be part of the SOLX presale by going to the Solaxy website, with their tokens open for staking as quickly as they buy them.
SOLX at the moment prices $0.00168, though this can rise once more in two days.
The put up Solana Set to Reclaim $200? PumpSwap’s $2.5B Launch Puts DEX Fuel Behind SOL appeared first on Cryptonews.
