SonicObamaLockheedMartin69Inu (SOL)

Solana's apps are moving before $SOL does.

Jupiter's aggregator volume is up 238% over the past 30 days. Orca's DEX volume is up 20%.

Most of CT is still waiting for “Solana season,” but the infra layers are already waking up.

Here’s why they’ve gone higher:

- Jupiter did $18.3B in aggregator volume over the last 30 days and remains the default routing layer for Solana swaps
- Orca is gaining share while a lot of DEX activity elsewhere is flat or down
- $PUMP still generated $26.4M in fees in a boring market
- @Raydium did $4.3B in DEX volume and remains the default listing venue for new Solana tokens

None of this looks like peak-cycle activity.

Here’s why it goes higher:

- A real Solana szn sends more flow through Jupiter
- More token launches mean more volume for Raydium
- More speculation means more activity through $PUMP
- Orca is still under the radar despite growing volume and fee capture

The valuation for these tokens is the most interesting part.

$PUMP trades $537M mcap with a $316M annualize