Solana Network Usage Leads as DEX Volume Hits $1.6 Trillion; SOL Lingers Under $130

Solana has drawn focus as network activity climbs while SOL consolidates under $130. In 2025, its DEX trading volume reached $1.6 trillion, placing it second to Binance at $7.2 trillion. By January 2026, Coinglass showed open interest down to $7.5 billion from $17 billion, and SOL trades near $124 with buyers defending the 20-day EMA around $125.