Is Solana gradually becoming the Wall Street of Web3?

While the rest of the crypto world holds its breath watching market fluctuations, Solana is quietly yet fiercely solidifying its position as the leading blockchain in the DeFi space. With billions of dollars locked in protocols and DEX trading volume surpassing $100 billion in the most recent month, Solana is not only holding its ground but also expanding its influence despite the slowing market conditions.

Solana's DeFi dominance has not diminished

As of March 2025, Solana recorded a total value locked (TVL) of 13 billion dollars – a figure that far exceeds many other high-performance blockchains such as Arbitrum, Base, or Avalanche. While the entire DeFi space has been shrinking since the peak of 20 billion dollars in December 2024, Solana continues to maintain stable and solid performance. This indicates that the DeFi ecosystem on Solana is not merely a hype, but a real financial foundation built on a strong infrastructure and superior scalability.

High-performance blockchains: DeFi TVL | Source: Syndica## Dominating DEX volume

Not only a gathering place for DeFi protocols, Solana is absolutely dominating the DEX space. In March 2025, this network accounted for up to 63% of the total DEX volume across high-performance blockchains – far ahead of its competitors. Although there was a slight adjustment from the peak of 79% in December 2024, Solana's position remains unshaken.

High-performance blockchains: DEX volume | Source: SyndicaEven during the "cold" phase of the market, when investors have become more cautious and the memecoin frenzy has cooled off, the DEX ecosystem on Solana still recorded $100 billion in trading volume – the highest level since before November 2024. This demonstrates that the strength of Solana has surpassed the hype phase, moving into a clear maturation and cyclical phase.

Price Outlook for SOL

After a tumultuous March, SOL kicked off April with a strong recovery trend, surpassing the $153 mark – a significant increase from last month's low – before turning to decline. Technical indicators also support this upward momentum:

SOL Price Chart 1 Day | Source: TradingViewWith the backing of foundational strength from the DEX sector and the stable development of the DeFi ecosystem, the current recovery of Solana seems no longer a short-term "pump", but is establishing a new price baseline – a further step in its journey to become the financial backbone of the crypto world.

With a solid position in both the DeFi and DEX sectors, coupled with a price recovery, Solana is proving that its rise is not just temporary. While other chains are still searching for their place, Solana has been and is building a comprehensive financial ecosystem – where users, developers, and capital converge.

Disclaimer***:** This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions*

Emma