DeXe has continued to outperform the broader crypto market, recording record levels of on-chain activity even as overall market conditions remain weak.
According to data from Santiment, the network recently saw 18 whale transactions exceeding $100,000, marking an all time high. It also recorded 298 active addresses, another record level, along with 86 new wallet creations, the strongest growth in seven months.
Strong On Chain Growth Supports Price Rally
The surge in activity has coincided with a powerful price performance. Over the past four months, DEXE’s market capitalization has climbed more than 600%, reflecting rising investor interest and increased network engagement.
Santiment attributed this momentum to growing attention around DeXe’s DAO governance infrastructure, increased speculation about broader protocol adoption, and steady accumulation as more tokens are reportedly being moved off exchanges.
The data suggests that on chain activity is not merely reacting to price changes but may be actively driving the rally. Rising wallet creation, higher participation, and increased whale transactions all point to expanding real usage within the ecosystem rather than purely speculative trading.
DEXE Outperforms Broader Market
At the time of writing, DEXE was trading near $23.50, up almost 36% over the past month. The token also gained 4% in the past 24 hours despite broader market weakness.
Part of the recent momentum may be linked to support from MEXC, which recently listed DEXE on its futures platform and enabled trading with up to 50x leverage.
This strength came even as Bitcoin briefly dropped to $59,000, its lowest level since early June, before recovering toward $61,700.
Breakout Potential Builds
According to pseudonymous analyst CW from CryptoQuant, DEXE is currently testing a key resistance level described as its final major sell wall.
A breakout above this zone could push the token into price discovery and potentially lead to a new all time high. The analyst added that once this resistance is cleared, there may be little overhead supply left, which could allow further upside momentum with reduced selling pressure.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
