Jupiter sets a trading record on Solana – A new impetus for the rise of SOL?

Jupiter — a decentralized exchange aggregator ( developed on the Solana blockchain )SOL( — has just achieved a milestone by surpassing all competitors on other blockchains in trading volume over the past 24 hours.

This is an impressive achievement, especially when Jupiter operates exclusively on Solana, while most competitors choose to implement a multi-chain approach to expand their reach.

The strong breakthrough in volume not only marks a significant advancement for Jupiter but also reflects the growing confidence of the trading community in the development potential of the DeFi ecosystem on Solana.

![])https://img-cdn.gateio.im/webp-social/moments-078c18544c84ffac27744ae2175ca07d.webp(Source: X## Solana reaches its highest activity level in months

The impressive expansion of Jupiter is occurring simultaneously with a surge in the number of active wallets on the Solana network. According to data from The Block, the number of active wallet addresses has recently soared to its highest level since May — a clear signal that user interaction with DEX platforms, NFTs, and DeFi applications on Solana is increasingly growing.

![])https://img-cdn.gateio.im/webp-social/moments-247db48f8f44dfc7d3bcfdd4eb691325.webp(Source: The BlockThis is not only a step forward for Jupiter but also a testament to the revival of the Solana ecosystem, as the actual usage demand begins to spread. Notably, since February this year, the number of new wallets created on Solana has also been continuously growing, further reinforcing the belief that the recovery momentum of this network is not just temporary.

![])https://img-cdn.gateio.im/webp-social/moments-67fa38acccc84aab2aa1772c5fa82632.webp(Source: The Block## Will the price of SOL keep up with the network's growth?

In the past, the price fluctuations of Solana often accompanied signals from network activity — and currently, on-chain indicators continue to emit optimistic signals. As internal factors gradually shift positively, the SOL price chart is also showing clear signs of recovery.

From a technical perspective, the current structure is opening up the possibility of a trend reversal. SOL is testing the confluence area between the long-term support trend line and the Fibonacci golden ratio zone — where it has previously acted as a significant pivot point in past cycles. If history tends to repeat itself, this could very well be the starting point for a new growth phase.

![])https://img-cdn.gateio.im/webp-social/moments-79563aa5b075134ba3f5fa32afe98785.webp(Source: TradingViewIn addition, Solana is approaching the $150 mark — an important psychological threshold and also a price range close to the current trading level, attracting significant attention from the market.

If the network activity remains high, and the trading volume on DEXs continues to expand, SOL can fully accumulate enough momentum to create a strong breakout.

Notably, this upward trend is supported by an increasing trading volume on Jupiter — a factor that could become a crucial catalyst for reviving the entire DeFi ecosystem of Solana.

SN_Nour