CryptoMediumUpdated•Originally published 2 October 2026•Updated 2 October 2026•
1 min read
Solana Price Rallies as Fed Rate Hike Odds Plunge for October
Key Facts
1Solana recorded $197 billion in spot DEX volume during the third quarter of 2026.
2Solana has led all chains in DEX trading volume for five consecutive quarters.
The probability of a Federal Reserve interest rate hike in October dropped from approximately 70% to 25%. This shift in market expectations followed comments from Fed officials Williams and Jefferson, providing a catalyst for a rally in the price of SOL.
This price momentum coincides with Solana maintaining its leadership in decentralized exchange (DEX) trading volumes for the fifth consecutive quarter, recording $197 billion in Q3 2026 according to Crypto Briefing. These strong operational metrics, paired with a more favorable macroeconomic backdrop, reinforce the network's position amid shifting liquidity dynamics and fee structures.