Solana network rebounds with record $35.6 billion DEX volume and 58% TVL surge

Solana’s decentralized finance ecosystem is showing renewed strength after a prolonged slowdown, riding the momentum of the broader crypto market rally.

Over the past week, the weekly decentralized exchange (DEX) volumes on Solana climbed to $35.6 billion, marking the highest level in over two months. This growth helped push protocol revenue to $25.9 million, according to data from Blockworks Research.

During the period, the network maintained an average throughput of around 1,190 transactions per second (TPS). At the same time, Solana’s share of the SOL-USD trading market rose from 27% to 38%, indicating growing demand for its native asset.

The total value locked (TVL) on Solana has also climbed sharply over the last 30 days. DeFiLlama data shows the network’s TVL rose 58% from a low of $13.9 billion to $22.1 billion.

Although still below the January peak of more than $26 billion, the growth points to a strong recovery in user and developer engagement across the ecosystem.

Meanwhile, part of the TVL increase stems from the rising value of SOL, which appreciated 40% over the same 30-day window to hit $178, its highest price since March.

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