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

Solana achieved a DEX volume of 64.1 billion USD, surpassing Ethereum’s 61.4 billion USD, although both figures are below January levels.

The price of SOL fell by 15% since June 12 to 142.74 USD, raising concerns about investor confidence due to decreased network activity.

Anticipation of a potential Solana spot ETF by the SEC in October could influence SOL’s price direction in the upcoming months.