The weekend of January 18–19, preceding the inauguration of U.S. President-elect Donald Trump, turned out to be one of the busiest in crypto history—particularly for the Solana ecosystem.

Two newly launched meme coins, TRUMP and MELANIA, were among the main catalysts during this period.

Ignas, a DeFi enthusiast and founder of Pink Brains studio, highlighted significant jumps in several key industry metrics over the past two days.

Probably the craziest weekend in crypto.

Here are 10 charts to visualize it:

1. Record-breaking DEX trading volume:

$27B on Solana, leaving ETH's $5B well behind. pic.twitter.com/Yao1KDfPJs
— Ignas | DeFi (@DefiIgnas) January 20, 2025

“Probably the craziest weekend in the crypto industry,” he said.

Driven by excitement around the Trump family’s meme coins, decentralized exchange volume on Solana reached a record $26.8 billion by January 19, compared to $5 billion on Ethereum.

Overall DEX turnover amounted to 19% of the volume on centralized exchanges.

Net inflows to the Solana ecosystem totaled $153.2 million over the week, while Arbitrum faced outflows of $405 million.

TRUMP traders’ activity boosted SOL’s relative performance vs. ETH, hitting a three-year high—up more than 25% in one day.

During the frenzy, Solana’s network fees soared to roughly 20 times the normal level. A total of about $57 million was collected in transaction fees.

On January 19, the burned amount of SOL hit a record $16.7 million, or 81% of the daily issuance.

On January 18, SOL set an all-time high around $270, only to surpass it the next day at $295. As of this writing, the coin trades at about $255.6 with a market cap of $124.18 billion.