Categories: Crypto

Solana AMMs match top 4 CEXs with $1B daily trading volume


Solana’s proprietary automated market makers (AMMs) now match the trading volume of the top four centralized exchanges, with over $1 billion in daily volume. The Solana Price Predictions in April market, which resolves based on Solana reaching $150, has 14 days left for resolution.

Market reaction

The April 15 price market sits at 100% YES, reflecting strong trader confidence that Solana will maintain a price above $40. Face value trading volume on this contract is at $0. AMMs like HumidiFi and SolFi are driving the volume surge, and Solana’s prop AMMs now capture 60-80% of Solana DEX volume overall.

Why it matters

Parity with centralized exchange volume is a concrete measure of on-chain liquidity depth. If Solana’s prop AMMs can sustain this level, it reduces the friction for large trades that previously required centralized venues. For a YES share at 22¢ to pay $1 if Solana hits $150 in April, traders need to believe this liquidity translates into a sustained price rally from current levels, which is a much larger bet than the $40 threshold the contract currently prices at near-certainty.

What to watch

– Whether prop AMM volume holds above $1 billion daily or reverts – Solana Foundation announcements and major partnership deals – ETF-related activity or macroeconomic shifts affecting crypto broadly – Any divergence between the $40 threshold (priced at 100%) and the $150 threshold implied by the 22¢ YES share price

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Adam Forsyth

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