Should You Buy Solana Now? On-Chain Activity Explodes after Trump’s Tariff Pause

Solana (SOL) is back in the spotlight as its decentralized exchange (DEX) volume skyrockets, outpacing every other blockchain in the ecosystem.

A closer look at the latest DEX volume data provided by CoinMarketCap shows Solana towering over rivals like Ethereum, BNB Chain, and Arbitrum.

The sharp increase in the DEX activity indicates a parabolic surge in investors’ interests – reflecting Solana’s growing dominance in DeFi infrastructure.

At press time, the DEX volume of Solana stands more than $3 billion while that of Ethereum is $2.6 billion. BNB stands third with a massive $1 billion in trading volume.

This surge follows the United States President Donald Trump announcing a 90-day pause on tariffs for all countries except China, signaling openness to negotiations with the European Union and other trade partners.

This sudden announcement fueled broader risk-on sentiment in financial markets, including crypto, as investors grew optimistic about a less hostile global trade environment.

Solana Price Analysis

At the time of writing, SOL trades at $117.78, marking a 4%+ gain on the day.

The price briefly attempted to break past the 20-day Exponential Moving Average (EMA) at $120 – a key short-term resistance level – but failed to close above it.

It is clear that while bulls are regaining momentum, the price still needs to reclaim that zone for further upside confirmation.

A successful flip of the $120 level into support could open the gates for a move toward $130 and beyond. On the flip side, rejection here may result in consolidation between the $110–$120 zone until stronger catalysts arrive.

The Relative Strength Index (RSI) reads a value of 46.15 which means that the current market sentiment is neutral. However, the gradient of the line suggests an uptick in buying pressure.

Meanwhile, the MACD indicator has confirmed a bullish divergence with the MACD histogram turning slightly green.

The MACD line (blue) remains above the signal line (orange), confirming the dominance of the bulls.

Solana’s First Layer 2 Just Raised $29.6M – Is This the Next Big Ecosystem Play?

As Solana’s DEX volume surges, Solaxy ($SOLX) is gaining momentum as the first-ever Layer 2 built on Solana—resolving congestion, failed transactions, and scalability limitations.

With over $29.6M raised and just four hours left before the next price increase, the $SOLX presale gives early supporters access to a network engineered for speed, multichain utility, and zero downtime.

$SOLX bridges Ethereum’s liquidity with Solana’s efficiency, creating a high-performance ecosystem built for meme coin trading and multichain DeFi.

To join the presale, visit the official Solaxy website and connect a supported wallet (e.g. Best Wallet).

You can purchase it using SOL, USDC, or a bank card to secure SOLX at its current price of $0.00169.

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