Solana has reached a record high in decentralized exchange trading volumes, surpassing Ethereum amid active voting on the Alpenglow network upgrade.
Leading DEX Trading Volume
Yesterday, Solana recorded the highest trading volume on decentralized exchanges among all blockchains, reaching $4.604 billion. Ethereum followed with $4.435 billion, with Binance Smart Chain at $2.188 billion and Base at $2.049 billion.
Alpenglow Proposal Aims for Faster Transactions
Alongside the trading volume increase, voting has begun on the significant Alpenglow proposal, which seeks to reduce block finality time to 150 milliseconds. If approved, Solana could achieve speeds comparable to traditional payment systems.
SOL Price Levels in Focus
Traders are also paying attention to the price of SOL, with a key resistance level at $220. Breaking this level could open the way to $240 and possibly $260. The current price of Solana is $211.61, and its future price movement will likely depend on the outcome of the Alpenglow vote.
The situation surrounding Solana and Ethereum demonstrates a dynamic shift in the blockchain space, where efforts to increase trading volume and speed of transactions may influence platform choices for traders.
