Solana DEX Volume Soars Past $3 Trillion Amid Rent Reduction Program

Solana's decentralized exchange (DEX) volume has surpassed $3 trillion, marking another significant milestone for the network.

This comes as the second wave of Solana's rent reduction program is set to go live on mainnet in a few hours, with an additional 612,000 SOL becoming reclaimable. This brings the total reclaimable amount to 918,000 SOL, which could eventually rise to up to 3.06 million SOL worth around $319 million across all five steps.

The timing is particularly notable given that tokenized equity supply on Solana has hit a record high of $684 million, representing a 47% increase over the past three weeks.