Solana Reclaims $70B Market Cap and $160 Price, Raydium Dominates DEX Volume, Market Share Grows from 36% to 66%

Solana ($SOL) has seen significant gains, reclaiming a market cap of $70 billion and surpassing $160 in price, with an earlier reclaim above $150

Solana ($SOL) has seen significant gains, reclaiming a market cap of $70 billion and surpassing $160 in price, with an earlier reclaim above $150. Raydium Protocol continues to dominate decentralized exchange trading volume, securing the top spot over Uniswap and Ethereum. Additionally, Raydium has collected more fees than Solana, Uniswap, and Ethereum over the past week. Raydiums market share grew from 36% to 66% of Solana DEX volume since the start of the year. Solana has also surpassed Polygon and Ethereum in weekly NFT blockchain user adoption, achieving a dominance of 33%.