![Solana’s [SOL] DeFi activity inches towards pre-FTX levels thanks to…](https://coinlocally.com/e-learning/wp-content/uploads/2023/05/Solanas-SOL-DeFi-activity-inches-towards-pre-FTX-levels-thanks-to…-1024x576.jpg)
With assets worth more than $572 million at the time of writing, Solana’s trading volume has returned to pre-FTX levels in the last four months. The volume of the decentralised exchange (DEX) has also increased; since the start of 2023, trades worth $5.57 billion have been settled, compared to $5.54 billion in the four months just before the collapse. According to data from DeFiLlama, trading volume over the past four months has been comparable to pre-FTX levels. With assets worth $572 million as of the time of writing, Helium’s move to the Solana chain has boosted liquidity. The weekly average of daily active users is still around 100k, but weekly transaction fees have crept up to pre-FTX levels. Over the past week, SOL’s market cap in BTC has decreased by 41%.
