In March 2025, Solana experienced a substantial influx of capital, with over $550 million bridged from other blockchain networks, including $400 million from Ethereum. This growth coincided with a notable 8% dip in Solana's price, which fell to $129 amid overall market volatility. Despite this price decline, decentralized exchange (DEX) volume surged by 32% to reach $10.5 billion, with Raydium maintaining a dominant position, capturing over 45% of the DEX volume in the past two weeks. Additionally, more than 1.15 million new tokens were launched on the Solana network during March. Memecoins, excluding stablecoins and SOL, accounted for 92% of Solana's DEX trading volume, although daily trading volumes for these assets decreased significantly from approximately $12 billion in January to around $720 million in March.