2025-12-31 15:24:32

Recently, there is a phenomenon worth noting—Solana's DEX ecosystem has been leading the trading volume rankings for five consecutive weeks, establishing a dominant position. Based on the performance of leading liquidity platforms like RAY and ORCA, trading activity on the SOL chain is indeed surpassing previous expectations.

But here’s an interesting question: how long can this momentum last?

According to common market patterns, when a public chain’s DEX trading volume remains in the lead, it often signals that the market sentiment cycle is approaching a turning point. The rapid influx of capital and soaring trading activity are indicators that have historically signaled a high point in a certain phase.

While the current Solana ecosystem does demonstrate strong vitality, from a narrative perspective, after continuous volume breakthroughs, where will the market’s new story come from? This will determine the sustainability of the trend. Whether it’s a deeper fundamental development of the ecosystem or a short-term emotional surge—this dividing line may be just around the corner.

SOL3,62%

RAY11,15%

ORCA2,54%

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0xSunnyDay

· 2025-12-31 15:54

SOL's recent surge is indeed impressive, but staying at the top for five weeks is really a sign of a top... A lesson from history.

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Whale_Whisperer

· 2025-12-31 15:47

SOL this wave is indeed fierce, but after winning five weeks in a row, I'm a bit nervous. History always has a way of cutting people. Wait a minute, are RAY and ORCA's data really that impressive, or are they just looking good in comparison? It's that same "turning point theory" again, I've heard it too many times... is this time really different? Honestly, it all depends on whether new projects can support the scene moving forward. Without a story, it's just a dream. However, SOL's ecosystem has definitely become more sticky than before, so I can't completely dismiss it.

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4am_degen

· 2025-12-31 15:45

SOL this wave is indeed fierce, but I always feel it's about time for a cooldown --- Five weeks at the top of the chart, I bet it will peak this week --- Here comes the "historical high signal" theory again, always saying that, but it still rises --- Ray and Orca's data are really impressive, but the question is, has the story been told? --- Fundamental deepening or emotional hype, honestly, it depends on whether new projects can take over later --- Winning five weeks in a row sounds impressive, but it's really just capital rotation --- Whenever this kind of analysis appears, the bottom is not far away?🤔 --- SOL's activity level is hyped up quite a bit, but the ecosystem is still the same old stuff --- That's why I don't touch SOL, it's too easy to be driven up by emotions --- Where the new story comes from is indeed a problem, who still believes in the promises of gaming chains now

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AirdropHarvester

· 2025-12-31 15:38

Five weeks of topping the charts and now you're starting to boast? I think you're just hyping us up. RAY and ORCA are rising, but there's a bunch of breakdowns below. Once the story is over, what can we do? History tells us that a spike in trading volume is a signal of distribution. Don't ask me how I know.

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RatioHunter

· 2025-12-31 15:28

This wave of SOL is indeed fierce, but it feels like history is about to repeat itself. Winning five weeks in a row and then starting to worry about the peak—this logic is almost like a curse. The data for RAY and ORCA look good, but is it really fundamentals or just a capital game? Not sure.

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