Transaction volume across DEXes housed within Solana trended downward in the last month. However, the chain's TVL and network fees have surged during the same period.
revealed an uptick in the network’s total value locked in the past 30 days. At $664.97 million at press time, the L1 blockchain has seen a 15% jump in TVL.
Network fees have also climbed during the period under review. With $1.5 million brought in last month, Solana has seen a 48% jump in transaction fees.revealed that this resulted in a corresponding uptick in network revenue during the same period.While its decentralized finance vertical deals with a drop in DEX volume, SOL’s value has climbed by 12% in the last 30 days.
Price growth may have resulted from increased positive funding rates across crypto exchanges during that period. Data fromThis meant that all traders in the alt’s futures market have since placed bets in favor of a price jump.
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