Solana is gaining dynamics again, as prices and activities in the ecosystem rise
Solana put an impressive recovery and exceeded the $ 170 mark after a robust daily increase of 11%.
What distinguishes this rally from previous peak values is the associated increase in both user activity and capital inflow in the entire ecosystem. The commercial volumes have risen sharply, and the defi activities in the network accelerate in a pace that has not been seen for months.
The total value of Solana has increased by 25% in the last month and has thus exceeded the $ 8 billion mark. Solana is only behind Ethereum among the Layer 1 blockchains. Decentralized exchanges on Solana experience an upswing: names such as raydium and sanctum attract great liquidity and help to ensure that the Dex volume has more than doubled since April.
At the same time, the speculative interest increases. The open positions in Sol Futures have risen to $ 5.8 billion and are therefore third in the area of the crypto derivatives. This dynamic has also spread to Meme token, where assets such as Solaxy and Official Trump used the wave of the highly volume, less structured trading environments to make impressive short-term profits.
Technically speaking, Sol draws a sharp V-shaped recovery on the weekly charts-a sign of a possible long-term reversal if it can break through the important resistance between $ 160 and $ 200. This area, which matches important moving average, marks the last upper limit before a possible increase to $ 250 and finally to the all -time high of $ 294.
Under the surface, the fundamental data begin to keep the price development step. The relative strength index has increased steadily since the end of March, while strategic investments-such as the capital increase of upexi in the amount of $ 100 million for the Solana infrastructure-signal long-term trust.
Meanwhile, Firedancer, a powerful Validator client developed by Jump Crypto, is located shortly before the market launch. Its introduction should increase the transaction throughput drastically and solve many of the network overload problems with which Solana had to deal with in previous cycles.
With the approval of a spot ETF for Sol in Canada and the increasing expectations in the USA, the interest of institutional investors is growing rapidly. This time the breakthrough of Solana seems to be more than just a hype-it is supported by higher liquidity, stronger on-chain activities and growing acceptance among institutional investors.
