Author: Ignas, Crypto KOL

Compiled by: Felix, PANews

Last weekend may have been the craziest weekend in the crypto space. The following 10 charts provide a visual understanding:

Record DEX Trading Volume:

The DEX trading volume on the Solana network reached $27 billion, far exceeding ETH's $5 billion.

The DEX trading volume on Solana surged from an average of about $5 billion to $27 billion, a growth of 5.4 times.

As a result, the DEX's share of the total spot trading volume relative to CEX reached a historic high of 19%.

Price discovery is happening on DEX, not on CEX.

Funds flowed from Arbitrum to Solana, ETH, and Base.

The Solana network saw a net inflow of $153 million, while Arbitrum lost $405 million in a week.

The following chart provides another visualization of Solana's flow.

DeBridge analysis shows that approximately $300 million flows into Solana weekly, mainly from Ethereum, Base, and Arbitrum.

Solana's outflow reached about $140 million.

Phantom reported over 8 million requests per minute.

Phantom users had a trading volume of $1.25 billion, with 10 million transactions.

Assuming Phantom's current fee rate is 0.85%, the Swap fees amount to $10.6 million.

On the day TRUMP coin was launched, SOL to ETH recorded the largest single-day increase since 2021, with a 25% rise further dampening the morale of the Ethereum community and increasing pressure for internal reforms within the Ethereum Foundation.

However, not everything is positive for Solana:

• Average fees increased 20 times
• Many people were unable to complete transactions

High fees are very beneficial for SOL stakers.

A total of $57 million in fees was paid, with most being $33 million in priority fees and $23.5 million in Jito Tips (Jito validation tips).

Importantly, SOL burned a record approximately $16.7 million.

Do not use "ultra-sound money" as an excuse, as the amount burned over the weekend accounted for 81% of SOL's issuance, far exceeding the daily rate.

The following chart shows Solana's burn rate:

Overall, it was a crazy weekend for Solana, with TRUMP, MELANIA, and SOL dominating the market. Meanwhile, market sentiment regarding ETH turned negative again.

Related Reading: The Trump Family is at it Again! "First Lady Coin" MELANIA briefly surpasses a market cap of $10 billion, with multiple token details sparking market controversy

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