TLDR
- Solana overtook Ethereum in 24-hour DEX trading volume with $4.6 billion processed
- The Alpenglow proposal voting began, aiming to reduce block finality from 12.8 seconds to 150 milliseconds
- SOL price surged above $212 with key resistance at $220 and support between $185-$190
- Technical indicators show bullish momentum with MACD gaining pace and RSI above 50
- Validators face fees of 1.6 SOL per epoch under the new proposal, with burned tokens reducing supply inflation
Solana has moved ahead of Ethereum in daily decentralized exchange trading volume, marking a shift in blockchain activity. The network processed $4.604 billion in DEX trades over 24 hours, while Ethereum recorded $4.435 billion.
This represents a change from Ethereum’s long-standing dominance in decentralized trading. Binance Smart Chain followed with $2.188 billion in volume, while Base recorded $2.049 billion.
The increased trading activity comes as Solana’s community enters a voting phase on the Alpenglow proposal. This upgrade seeks to reduce block finality times from 12.8 seconds to approximately 150 milliseconds.
Alpenglow Proposal Details
The proposal, known as SIMD-0326, was developed by Anza, a Solana research group. It introduces a new system called Votor that allows validators to handle blocks off-chain before sending compact proofs on-chain.
Under the new system, blocks can finalize in a single round with 80% validator approval. Alternatively, they can finalize in a second round with 60% approval.
Voting began at Epoch 840 and runs until Epoch 842, covering about four days. A two-thirds majority is required for approval.
Early turnout reached around 11%, with 10.6% of votes in favor and 0.12% against. The proposal includes a fee of 1.6 SOL per epoch, set at about 80% of current voting costs.
These fees will be burned, reducing inflation in the SOL supply. Validators risk losing rewards or removal from the active set if they abstain or submit conflicting votes.
The upgrade would bring Solana closer to traditional payment networks like Visa and Mastercard in terms of transaction speed. Supporters believe it could improve the network’s ability to handle real-time finance, gaming, and high-frequency applications.
Solana Price Prediction
SOL price has shown strength after finding support near the $192 zone. The token climbed above the $200 level and broke through the $212 barrier.
A recent high formed at $217, with the price now consolidating above the 23.6% Fibonacci retracement level. This retracement is measured from the $185 swing low to the $217 high.
The token trades above the 100-hourly simple moving average and has formed a bullish trend line with support at $212. Current price stands at $211.61.
Resistance appears near the $218 level, with major resistance at $220. A break above $225 could lead to further gains toward $232 and potentially $250.
On the downside, initial support sits at $212, followed by major support at $210. A break below $210 might send the price toward $202 and the 50% Fibonacci retracement level.
Technical indicators support the current bullish outlook. The hourly MACD is gaining pace in the bullish zone, while the RSI remains above the 50 level.
UPDATE: @Solana has regained the #1 spot across all chains in 24-hour DEX volume. pic.twitter.com/GLO20Gej8w
— SolanaFloor (@SolanaFloor) August 28, 2025
The combination of increased DEX volume and the pending Alpenglow vote has created attention around Solana. Higher trading volumes suggest more liquidity is flowing into the network’s platforms.
Competition among blockchains often connects usage, technology improvements, and token values. For Solana, stronger DEX activity paired with potential speed improvements shows efforts to expand its DeFi market presence.
The network’s ability to maintain its position in DEX volume rankings will depend on continued trader interest and platform development. The Alpenglow proposal outcome may influence future network performance and adoption rates.
