Solana DEX volume hits $10.7B, surpasses Coinbase and Kraken

Solana DEX trading volume has hit $10.71 billion, outpacing Coinbase and Kraken. The market odds for Solana being above $40 on April 15 are at 99.9% YES.

Market reaction

The current term structure shows consistent odds across all April 15 sub-markets, with no significant movement over the past 24 hours, pointing to strong consensus on Solana’s price stability above $40. Combined 24-hour actual USDC traded is $39,973. Odds for Solana reaching $150 in April are lower than the April 15 market but still reflect positive sentiment.

Why it matters

The $10.71 billion in DEX volume exceeding two major centralized exchanges signals heavy on-chain activity on Solana. This surge coincides with US-Iran geopolitical tensions that have increased cryptocurrency market volatility. Solana’s decentralized exchange maintained higher trading volumes than Coinbase and Kraken even under these conditions, which could support price levels. At the same time, the geopolitical situation cuts both ways: it may drive more users toward decentralized platforms, or it may create broader instability that drags prices down.

What to watch

Announcements from the Solana Foundation or significant shifts in US-Iran tensions could move Solana’s market performance and alter investor sentiment. The gap between the near-certain $40 market and the lower-confidence $150 market is worth tracking as a measure of how bullish traders actually are beyond the floor.

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