Hyperliquid price

Solana moved ahead of Ethereum in daily decentralized exchange (DEX) trading volume, with more than $4.6 Billion processed. Notably, the rise came as the network entered the voting phase on the Alpenglow proposal. This proposal seeks to cut block finality times and strengthen its role in blockchain transactions. As detailed, Solana recorded the highest DEX trading volume across blockchains within 24 hours. Data from DeFiLlama showed Solana reached $4.604 Billion in trades. Ethereum followed with $4.435 Billion, while Binance Smart Chain posted $2.188 Billion. Base recorded $2.049 Billion, Hyperliquid L1 stood at $1.04 Billion, and Arbitrum came in at $845.6 Million. Solana Shines in DEX Daily Volume | Source: SolanaFloor This marked a shift in activity across chains. Ethereum had long maintained dominance in decentralized trading, but Solana moved ahead on the day. Higher volumes suggested more traders and liquidity were flowing into its platforms. Market participants noted that this shows a stronger role for Solana in the competition among major blockchains. The increase in transactions also showed how quickly network preferences could change. Decentralized exchanges have been a central part of blockchain growth, and the numbers indicate that Solana was gaining ground in this space. Alpenglow Proposal Targets Faster Transactions While Solana moved to the top of the DEX volume chart, its community also started voting on a major network proposal known as SIMD-0326, or Alpenglow. According to the proposal, the upgrade aimed to reduce block finality from 12.8 seconds to about 150 milliseconds. Solana Alpenglow Proposal Enters Voting Stage | Source: Wu Blockchain If approved, the change would bring Solana closer to traditional payment networks such as Visa and Mastercard in terms of speed. The proposal was developed by Anza, a Solana research group. It introduced a new system called Votor, which allowed validators to notarise or skip blocks off-chain and then send compact proofs on-chain. Blocks would be able to finalize in a single round with 80% validator approval or in a second round with 60% approval. Voting began at Epoch 840 and was scheduled to run until Epoch 842, which will cover about four days. A two-thirds majority was required for approval. Early turnout was around 11%, with 10.6% of votes in favor and 0.12% against. The plan also included a fee of 1.6 SOL per epoch, set at about 80% of current voting costs. The fee would be burned, reducing inflation in the SOL supply. Validators risked losing rewards or being removed from the active set if they abstained or submitted conflicting votes. Supporters of the proposal said it could improve Solana’s ability to handle real-time finance, gaming, and high-frequency applications. The network had already been known for fast processing, but Alpenglow would move it toward near-instant confirmation. Solana Price Levels in Focus Traders also paid attention to the price of SOL during this period, with analysts pointing to $220 as a key resistance level. A clear move above this mark could open the way toward $240 and possibly toward $260. On the downside, the ascending trendline between $185 and $190 was seen as strong support. It is important to add that trading in the market has stayed consistent, which has supported recent gains in the coin. As of writing, the coin was trading at $211.61. Some traders saw this rebound as a positive sign, believing SOL could keep drawing interest if the momentum continued. The rise in trading activity on the network, along with the outcome of the Alpenglow vote, is expected to guide where the Solana price might head next. Analysts pointed out that competition among blockchains usually links usage, technology, and token value. For Solana, stronger DEX activity and faster block times showed efforts to grow its place in the DeFi market. What happens next will largely depend on the result of the community vote and how traders respond to it. The post Solana Dethrones Ethereum In Major DEX Volume Shift, Will SOL Price Follow? appeared first on The Coin Republic.