Solana's 24-hour trading volume reached $2.64 billion, representing a 52.70% increase from the previous day and signaling rising market activity. Daily transactions hit 42 million, the second-highest on record, supported by memecoin activity surge. DEX volume on Solana reached $1.8 billion in 24 hours, representing 34% of total SOL market cap velocity. The network's DeFi TVL sits at $5.6 billion, with the ecosystem benefiting from 400-millisecond transaction finality and fees under $0.001. Popular protocols include Jupiter for swapping, Orca for liquidity provision, and Phoenix for professional trading with its on-chain order book.