DEX Trading Volume Hits $27 Billion, Visualizing Solana's Supercharged Weekend
Original Author: Ignas | DeFi
Original Translation: DeepTech TechFlow
Last weekend was dubbed one of the cryptocurrency field's wildest weekends. Decentralized Exchange (DEX) trading volume hit a historic high, Solana excelled in multiple dimensions, and fund flows also showed a significant shift in the market.
The following 10 charts will quickly guide you through the data and trends behind this phenomenon.
1. DEX Trading Volume Hits Historic High
Solana's Decentralized Exchange (DEX) trading volume reached $27 billion, far surpassing Ethereum's $5 billion.

2. Solana DEX Trading Volume Skyrockets
Solana's DEX trading volume surged from an average of about $5 billion to $27 billion, achieving a 5.4x increase.

3. DEX to CEX Trading Volume Ratio Reaches Historic High
Due to this phenomenon, the DEX to Centralized Exchange (CEX) trading volume ratio reached a historic high of 19%.

4. Funds Flow from Arbitrum to Solana, ETH, and Base
Data shows that Solana saw a net inflow of $153 million in one week, while Arbitrum lost $405 million.
(Is this situation related to Hyperliquid's cross-chain bridge?)

5. Visualized Analysis of Funds Flow to Solana
According to DeBridge's data analysis, Solana saw an inflow of about $300 million in one week, mainly from Ethereum, Base, and Arbitrum.
Meanwhile, Solana's outflow of funds was approximately $140 million.

6. Phantom Activity Surges
A Phantom report shows that its request volume has exceeded 8 million per minute. The total value of transactions processed through Phantom has reached $1.25 billion, involving 10 million transactions.
Based on the current 0.85% fee rate, Phantom's fee income for this period is approximately $10.6 million.
@phantom: "Transactions are now back to normal, and all systems are functioning properly.
Despite facing significant challenges, our users have achieved over $1.25 billion in transaction volume today and have completed 10 million transactions, demonstrating remarkable performance!"

7. $TRUMP Launch Day Sees Strong SOL Performance
On the day $TRUMP token launched, SOL saw its largest single-day surge against $ETH since 2021, reaching as high as 25%.
This repricing further dampened the morale of the Ethereum community and intensified calls for reform within the Ethereum Foundation.
The possibility of SOL surpassing ETH has become a hot topic of discussion.

8. Solana's Challenge: Soaring Transaction Fees
Despite its strong performance, Solana's transaction fees surged an average of 20x during this period, causing many users to experience failed transactions.

9. High Fees Benefit SOL Stakers
The high fees have brought earnings to SOL stakers, with a total fee income of $57 million. Of this, Priority Fees account for $33 million, and Jito Tips for $23.5 million.

10. Additionally, the amount of $SOL burned has reached a record $16.7 million.
However, don't rush to promote the so-called "ultra-sound money" theory, because even the burn amount of that day is only equivalent to 81% of SOL's daily issuance.

Summary: Solana's Weekend
This weekend was undoubtedly Solana's as $TRUMP, MELANIA, and $SOL took center stage in the market. Meanwhile, ETH's market sentiment once again turned negative.

You may also like

a16z: 5 Ways Blockchain Helps AI Agent Infrastructure

Morning News | The Hong Kong Securities and Futures Commission announced the regulatory framework for secondary market trading of tokenized investment products; Strategy increased its holdings by 34,164 bitcoins last week; KAIO completed a strategic fi...

What Is an XRP Wallet? The Best Wallets to Store XRP (2026 Updated)
An XRP wallet lets you safely store, send, and receive XRP on the XRP Ledger. Learn what wallets support XRP and discover the best XRP wallets for beginners and long-term holders in 2026.

What are the Top AI Crypto Coins? Render vs. Akash: 5 Gems Solving the 2026 GPU Crisis
What are the best AI crypto coins for the 2026 cycle? Beyond the hype, we analyze top tokens like RNDR, AKT, and FET that provide real-world solutions to the global GPU shortage and the rise of autonomous agents.

What Is a Token in AI? What Is an AI Token + 3 Gems You Can't Miss in 2026
The era of AI hype has transitioned into an era of utility. As we move through Q2 2026, the market is no longer rewarding "narrative-only" projects. At WEEX Research, we are seeing a massive capital rotation into Decentralized Compute (DePIN) and Autonomous Agent coordination layers. This guide analyzes which AI tokens are capturing institutional liquidity and how to spot high-conviction setups in a maturing market.

Consumer-grade Crypto Global Survey: Users, Revenue, and Track Distribution

Prediction Markets Under Bias

Stolen: $290 million, Three Parties Refusing to Acknowledge, Who Should Foot the Bill for the KelpDAO Incident Resolution?

ASTEROID Pumped 10,000x in Three Days, Is Meme Season Back on Ethereum?

ChainCatcher Hong Kong Themed Forum Highlights: Decoding the Growth Engine Under the Integration of Crypto Assets and Smart Economy

Why can this institution still grow by 150% when the scale of leading crypto VCs has shrunk significantly?

Anthropic's $1 trillion, compared to DeepSeek's $100 billion

Geopolitical Risk Persists, Is Bitcoin Becoming a Key Barometer?

Annualized 11.5%, Wall Street Buzzing: Is MicroStrategy's STRC Bitcoin's Savior or Destroyer?

An Obscure Open Source AI Tool Alerted on Kelp DAO's $292 million Bug 12 Days Ago

Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.
The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.
Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.
Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.
The trading process has been streamlined into five steps:
· Choose the trading asset
· Select long or short
· Input position size and leverage
· Confirm order details
· Confirm and open the position
The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.
Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:
· End-to-end encrypted private groups supporting up to 1024 members
· End-to-end encrypted voice communication
· One-click position sharing
· One-click trade copying
On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.
By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.
Mixin has also introduced a referral incentive system based on trading behavior:
· Users can join with an invite code
· Up to 60% of trading fees as referral rewards
· Incentive mechanism designed for long-term, sustainable earnings
This model aims to drive user-driven network expansion and organic growth.
Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:
· Separation of transaction account and asset storage
· User full control over assets
· Platform does not custody user funds
· Built-in privacy mechanisms to reduce data exposure
The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.
Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.
The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.
Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.
This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."
The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.
Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.
Its core capabilities include:
· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations
· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets
· Decentralization: achieving full user control over assets without relying on custodial intermediaries
· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication
Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

$600 million stolen in 20 days, ushering in the era of AI hackers in the crypto world

Vitalik's 2026 Hong Kong Web3 Summit Speech: Ethereum's Ultimate Vision as the "World Computer" and Future Roadmap
a16z: 5 Ways Blockchain Helps AI Agent Infrastructure
Morning News | The Hong Kong Securities and Futures Commission announced the regulatory framework for secondary market trading of tokenized investment products; Strategy increased its holdings by 34,164 bitcoins last week; KAIO completed a strategic fi...
What Is an XRP Wallet? The Best Wallets to Store XRP (2026 Updated)
An XRP wallet lets you safely store, send, and receive XRP on the XRP Ledger. Learn what wallets support XRP and discover the best XRP wallets for beginners and long-term holders in 2026.
What are the Top AI Crypto Coins? Render vs. Akash: 5 Gems Solving the 2026 GPU Crisis
What are the best AI crypto coins for the 2026 cycle? Beyond the hype, we analyze top tokens like RNDR, AKT, and FET that provide real-world solutions to the global GPU shortage and the rise of autonomous agents.
What Is a Token in AI? What Is an AI Token + 3 Gems You Can't Miss in 2026
The era of AI hype has transitioned into an era of utility. As we move through Q2 2026, the market is no longer rewarding "narrative-only" projects. At WEEX Research, we are seeing a massive capital rotation into Decentralized Compute (DePIN) and Autonomous Agent coordination layers. This guide analyzes which AI tokens are capturing institutional liquidity and how to spot high-conviction setups in a maturing market.

