<ul><li>Solana's DeFi ecosystem is experiencing a transformation with private DEXs handling 40% to 60% of trades, using smart contracts and internal vaults for efficiency.</li><li>Private DEXs focus on high-liquidity token pairs like SOL, USDC, and USDT, optimizing trading efficiency and minimizing exposure to volatility.</li><li>Despite private DEX dominance, upcoming network upgrades may enhance public DEX performance, challenging the current landscape on Solana.</li><li>Institutional confidence is growing in Solana, highlighted by DeFi Dev Corp's $23.6 million purchase of over 172,000 SOL tokens, signaling a bullish trend.</li></ul>

Solana: DeFi Dev Corp’s $23.6M buy, private DEX surge, and more affecting SOL

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