Solana DeFi Trading Hits All-Time High Amid Meme Coin Frenzy - Decrypt

• Solana DEX trading volume hit new all-time high of $58.4 billion in March amid meme coin frenzy

• Popular Solana meme coins like Dogwifhat, Bonk, Book of Meme drove substantial trading volume

• Solana DEX Orca dominated with $3.6 billion volume over last 7 days, followed by Raydium and Phoenix

• Meme coin exchange aggregator Jupiter saw native token JUP price jump 25% week-over-week

• While trading volume rose in March, SOL price dropped 4% in last 24 hours below $189 as market cap fell under $84 billion