Solana's Decentralized Exchange (DEX) sector has witnessed a significant surge in trading volume, exceeding $20 billion over the past week and setting a new all-time high. On May 18th alone, the daily trading volume reached an impressive $5.78 billion. GMTrade emerged as a dominant player in this surge, reportedly accounting for approximately $4.9 billion in trading volume within the last 24 hours. This heightened activity has also drawn attention to notable events within the Solana ecosystem, including a public trading wager between Vibhu, Chief Product Officer at Solana Foundation, and Hyperliquid trader Drews888 on the perpetual protocol Phoenix.
#crypto #blockchain #news
Blockchain Report
npub1cg…nmysr
2026-05-19 14:22:11 UTC
Author Public Key
npub1cg2ejqexhx88llcve0yxts2exv5q9k0a88l69q0vp7y5n0f2xyfscnmysrPublished at
2026-05-19 14:22:11 UTCEvent JSON
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"pubkey": "c215990326b98e7fff0ccbc865c159332802d9fd39ffa281ec0f8949bd2a3113",
"created_at": 1779200531,
"kind": 1,
"tags": [],
"content": "Solana's Decentralized Exchange (DEX) sector has witnessed a significant surge in trading volume, exceeding $20 billion over the past week and setting a new all-time high. On May 18th alone, the daily trading volume reached an impressive $5.78 billion. GMTrade emerged as a dominant player in this surge, reportedly accounting for approximately $4.9 billion in trading volume within the last 24 hours. This heightened activity has also drawn attention to notable events within the Solana ecosystem, including a public trading wager between Vibhu, Chief Product Officer at Solana Foundation, and Hyperliquid trader Drews888 on the perpetual protocol Phoenix.\n\n#crypto #blockchain #news ",
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}