Solana’s PropAMM hits $19.8B March volume, outpaces centralized exchanges

Solana’s PropAMM recorded $19.8B in March trading volume, surpassing the $19.2B combined SOL spot volume on the top four centralized exchanges. The likelihood of Solana reaching $150 in April is at ? YES.

Market reaction

The $19.8B PropAMM figure beating centralized exchange volume is a direct measure of on-chain demand for SOL trading. The market for Solana reaching $150 by April 30 has 7 days left until resolution. The April 13-19 market already resolved at 100% YES, confirming a previous upward move past that threshold.

Why it matters

PropAMM’s volume overtaking centralized exchanges points to a structural shift toward on-chain trading on Solana. But the current market has no trading volume, and that lack of liquidity could produce volatile swings near resolution. The 100% YES outcome on the April 13-19 market may not reflect real conviction if few participants are actively trading the longer-dated contract.

What to watch

At ? YES, a YES share pays $1 if SOL hits $150 by April 30. The $19.8B volume number matters less as a standalone figure than as evidence of growing on-chain liquidity that could support price levels. Watch for announcements from Solana Labs on network upgrades or institutional partnerships, and track whether PropAMM volume sustains into April or was a one-month spike. Regulatory developments and macro conditions will also affect whether SOL holds near the $150 level.

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