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Jupiter [JUP]decentralized swap aggregator built on Solana is [SOL]He just surpassed all other units based on a 24 -hour trading chain.
This is a remarkable success, especially because Jupiter works exclusively on the blockchain Solana, unlike competitors who cover multiple networks.
The increase in volume is not just a milestone for Jupiter – it also reflects the growing trust of the merchant in the ecosystem of Solana.
The growing dominance of Jupiter copes with a sharp increase in active addresses in the Solana network. According to the block, it has reached the active address numbers from their highest level since May.
This overvoltage signals growing users’ engagement across Dexs, NFT and other DEFS applications – Momentum that could potentially increase SOL prices higher.
This is not all, the number of new addresses per SOL has also witnessed a significant increase since February this year.
Source: Block
This is not all, creating new addresses in the Solana network has increased significantly since February this year.
Historically, the pricing event often monitors the network activity and the base of Solana On-Svezec is currently blinking bull signals. With the construction of momentum on the chain, Sol began to climb the charts.
Technically, this setting is similar to the potential reversal of the trend. SOL tests the confluence of the trend support and the Fibonacci Golden Zone – an area that has in the past marked key turnover.
If the history is repeated, this zone could reverse the conversion.
To do this, Solana is close to the key psychological level at $ 150, which is closely in line with its current business range and deserves attention.
If the network activity remains high and the Dex volume is still growing, Solana could get the dynamics needed for a strong escape.
This increase in combination with increasing volumes of Jupiter trading has the potential to revive the SOL ecosystem.