Solana’s native token jumped to $188 on Monday, its highest level since March, extending a week-long rally that has outpaced every other major digital asset. The move lifted Solana’s market capitalisation to roughly $84 billion and widened its year-to-date gain to about 220%. The price surge coincides with fresh on-chain data showing Solana’s decentralised-exchange turnover reached $124.2 billion in July, a 56% increase from June and 42% more than the $87.1 billion recorded on Ethereum, according to a Dune Analytics dashboard cited by industry blog SolanaFloor. July marked the 10th consecutive month that Solana led Ethereum in DEX activity. Fees generated by Solana-based applications also totalled about $31 million in the past seven days, underscoring rising user engagement. Broader market conditions have been supportive. CoinDesk data show industry-wide spot trading volumes climbed 54% in July to $2.2 trillion, while derivatives activity rose 31% to $6.5 trillion. Aggregate open interest hit a yearly high of $180 billion, signaling renewed risk appetite across digital-asset markets.