Solana News Today: HumidiFi Surpasses Raydium With $695M Daily Trading Volume on Solana

Generated by AI AgentCoin World
Tuesday, Aug 19, 2025 6:47 pm ET1min read
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Aime RobotAime Summary

- HumidiFi leads Solana DEX with $695M 24-hour volume, surpassing RaydiumProtocol.

- Solana’s PoH+PoS consensus enables 65k TPS, boosting DeFi growth via liquidity pools.

- Infrastructure upgrades and Bullish IPO highlight institutional adoption and network reliability.

- SOL trades at $179.09 with $5.69B volume, but faces SEC ETF delays and price volatility.

- Solana’s ecosystem expands in DeFi, NFTs, and DePIN, reinforcing its market leadership.

HumidiFi has emerged as the leading decentralized exchange (DEX) on the

Solana
blockchain, recording $695 million in trading volume within a 24-hour period, surpassing RaydiumProtocol [1]. This surge in activity highlights increased adoption of Solana’s on-chain liquidity pools and signals robust DeFi growth on the network. The platform’s rise is attributed to Solana’s high-performance architecture, including its unique Proof-of-History (PoH) combined with Proof-of-Stake (PoS) consensus mechanism, which enables over 65,000 transactions per second (TPS) with sub-second finality [2]. Recent infrastructure upgrades, such as stake-weighted Quality-of-Service (QoS) and QUIC protocol optimizations, have enhanced network reliability and reduced congestion risks, contributing to a more stable and scalable environment for developers and traders [3].

Solana (SOL) is currently trading at $179.09 USD, with a 24-hour trading volume of $5.69 billion, reflecting a 2.4% intraday increase [4]. Despite a 5.6% decline over the past week, SOL remains the sixth-largest cryptocurrency by market capitalization, valued at $96.7 billion, with a fully diluted valuation (FDV) of $108.8 billion. The circulating supply of 540 million SOL ensures strong liquidity across both centralized and decentralized exchanges.

The platform’s recent performance has coincided with broader institutional interest in Solana’s blockchain infrastructure. A notable example includes the Bullish IPO, which raised $1.15 billion using Solana-based stablecoins, showcasing the network’s growing appeal to institutional-grade DeFi applications [5]. Additionally, the Solana Policy Institute has joined the American Innovation Project, a new blockchain advocacy group focused on shaping U.S. crypto policy, further solidifying Solana’s presence in regulatory and policy discussions [6].

From a technical perspective, Solana appears to be stabilizing between the $178–$180 support level, with resistance forming near $185.50. Analysts suggest that a breakout above this level could propel the asset toward the $200 psychological barrier, based on current recovery signals [7]. On-chain data also indicates continued wallet growth and staking participation, reinforcing user confidence in the ecosystem despite ongoing price volatility.

Solana’s performance is also being influenced by regulatory developments. The U.S. Securities and Exchange Commission (SEC) has placed a temporary freeze on ETF products linked to Solana,

XRP
, and
Bitcoin
, delaying key product decisions until at least October. This regulatory uncertainty has introduced additional risk for investors, yet Solana continues to maintain its competitive edge through technological innovation and strategic partnerships.

With Bitcoin trading above $113,000 and

Ethereum
above $4,150, the broader cryptocurrency market remains bullish, supporting Solana’s position as a leading smart contract platform. The network is gaining traction in DeFi, NFT marketplaces, and DePIN projects, further diversifying its use cases and strengthening its ecosystem [8].

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Source:

[1] @SolanaFloor, August 19, 2025

[2] CoinMarketCap

[3] CoinMarketCap

[4] CoinMarketCap

[5] CoinMarketCap

[6] CoinMarketCap

[7] CoinMarketCap

[8] CoinMarketCap