Solana's trading volume increased significantly on September 7, 2021, compared to the previous and following days due to changes in Ethereum's transaction fees. Indeed, these so-called gas prices from Ethereum increased by around 300 percent on that single day. This caused many people to look for cheaper blockchains that - like Ethereum - provide an infrastructure for the development of Decentralized Finance or DeFi applications.
Solana (SOL) 24 hour trade volume from July 1, 2020, to September 25, 2024
(in billion U.S. dollars)
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Statista, & CoinGecko. (September 25, 2024). Solana (SOL) 24 hour trade volume from July 1, 2020, to September 25, 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1280116/solana-trade-volume/
Statista, und CoinGecko. "Solana (SOL) 24 hour trade volume from July 1, 2020, to September 25, 2024 (in billion U.S. dollars)." Chart. September 25, 2024. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1280116/solana-trade-volume/
Statista, CoinGecko. (2024). Solana (SOL) 24 hour trade volume from July 1, 2020, to September 25, 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1280116/solana-trade-volume/
Statista, and CoinGecko. "Solana (Sol) 24 Hour Trade Volume from July 1, 2020, to September 25, 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 25 Sep 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1280116/solana-trade-volume/
Statista & CoinGecko, Solana (SOL) 24 hour trade volume from July 1, 2020, to September 25, 2024 (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1280116/solana-trade-volume/ (last visited November 13, 2024)
Solana (SOL) 24 hour trade volume from July 1, 2020, to September 25, 2024 (in billion U.S. dollars) [Graph], Statista, & CoinGecko, September 25, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1280116/solana-trade-volume/