Solana ranks second in DEX volumes — Will SOL price follow?

Solana increased its DEX market share and moved ahead of Ethereum, but will SOL price follow anytime soon?

Key takeaways:

Solana's DEX volume surpassed Ethereum’s, but overall activity remains far below the levels seen in January.

Hyperliquid's dominance in perpetual futures trading weakens investors’ confidence in Solana’s long-term lead.

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