Solana’s decentralized exchange (DEX) volume climbed past $1.4 trillion in July 2025. That and many other factors are driving traction toward Solana price.
Rising user activity, steady trading inflows, and growing interest from institutional investors are some of the features that supported the increase.
These trends have renewed discussions about the SOL price, with $200 emerging as the next target.
Solana Crypto DEX Volume Hits Major Milestone
In a significant development, Solana‘s total DEX volume for the month reached $1.4 trillion. This marks a new record for the blockchain.
This figure includes cumulative trading data from top Solana-based platforms such as Raydium, Orca, and Meteora.
Raydium led a 24-hour activity with more than $1.2 billion in trades. This is followed by other high-traffic exchanges that helped push the volume higher.
Data from DeFiLlama recorded $3.85 billion in 24-hour DEX volume on Solana crypto, with a monthly total exceeding $69 billion.
These numbers highlight a steady rise in user participation across the network. This also includes activity from both individual traders and institutional entities.
The Solana crypto daily trading volume remains among the highest across major chains. This latest figure has placed it ahead of several competitors in the DeFi space.
The volume increase follows an uptick in decentralized applications built on the Solana crypto blockchain.
Many of these new protocols focus on trading, staking, and yield farming. The goal remains to attract more users and expand Solana’s presence within decentralized finance.
Institutional Activity Adds Momentum
It is worth mentioning that alongside retail growth, Solana has recorded rising interest from institutions.
A partnership with enterprise blockchain firm R3, announced in May, focuses on bringing tokenized real-world assets onto the network.
This collaboration is part of a larger trend in which traditional financial firms are exploring public blockchain platforms.
It is essential to add that the institutional momentum has been supported by regulatory signals.
Prediction market data from Polymarket places the likelihood of a spot SOL ETF approval before the end of 2025 at 99%.
This optimism followed the July debut of the Rex Shares SOL staking ETF. Interestingly, the net asset value reached $42 million within its first few days of trading.
The product performed better than the XRP futures ETF on its launch day. This indicates rising investor appetite for Solana-related financial products.
Network activity also remains strong. Figures from Artemis show Solana crypto ahead in daily transactions and active addresses.
SOL Active Addresses | Source: The Solana Post
The network processed more than 125 million transactions per day on average and maintained over 5 million unique active addresses.
Solana Price Edges Closer to Key Level
According to CoinMarketCap data, the SOL price was traded at $176.63, holding its position after recent gains.
The coin’s market capitalization stood at $95.35 billion, with a 24-hour trading volume of $4.9 billion.
However, it is worth noting that this was over 45% below previous daily highs as trading interest stayed firm.
Speculation around a potential move toward $200 has gained traction due to stronger fundamental showcase.
It is important to add that while longer-term targets such as $2,700 have been mentioned in some circles, market data still shows that the near-term focus is on whether the current momentum can drive SOL price to $200.
The combination of rising DEX volume, institutional involvement, and ETF interest continues to influence market sentiment.
With more developments likely in the coming months, Solana’s position within the DeFi ecosystem appears to be growing stronger.
More importantly, as July draws to a close, the $1.4 trillion volume stands out as a milestone for Solana crypto’s decentralized economy.
Whether Solana price crosses the $200 level soon or not, network data suggests sustained growth and a solid foundation for further expansion.
