TLDR
- Solana price drops 6% to $197 but daily trading volume surges 58% to $5.84 billion
- DeFi total value locked reaches $11.24 billion, highest level since February 2025
- Network leads blockchain revenue generation for 22 consecutive weeks with $35 million from dApps
- Institutional ETF inflows total $176 million weekly while eight Solana ETFs await regulatory approval
- Cross-chain bridging brings $230 million as Ethereum contributes 62% of incoming capital
Solana price analysis shows SOL trading at $197 after declining 6% in 24 hours. Despite the drop, Solana cryptocurrency demonstrates strong fundamentals with record-breaking metrics across multiple sectors.
Daily trading volume reached $5.84 billion, marking a 58% increase. This Solana price performance contrasts with the broader crypto market correction of 3.56%.
Solana DeFi ecosystem achieved a major milestone today. Total value locked climbed to $11.24 billion, representing the highest level since February 2025.
Three protocols dominate Solana DeFi activity. Kamino Finance, Jito Sol, and Jupiter Exchange hold more than $9 billion combined in locked assets.
Institutional Investment Drives Solana Growth
Solana ETF products attracted massive institutional interest this week. Weekly inflows reached $176 million through various exchange-traded products and funds.
REX-Osprey (SSK) led institutional demand with $166.7 million in total inflows. Monthly figures now stand at $199 million with year-to-date totals exceeding $1 billion.
Only Bitcoin and Ethereum recorded higher weekly institutional inflows. Bitcoin saw $552 million while Ethereum attracted $2.87 billion in fresh capital.
Reports suggest up to eight Solana ETFs could receive regulatory approval soon. These products would provide institutional investors regulated exposure to SOL cryptocurrency.
Cross-chain activity boosted Solana ecosystem growth. Bridge transactions totaled $230 million with Ethereum contributing the largest share at 62%.
Arbitrum One added $56 million in bridged funds. Base network contributed $20 million while other chains like Polygon and Avalanche brought under $10 million each.
Revenue Leadership Streak Continues
Solana network revenue generation extended its winning streak to 22 consecutive weeks. Total dApp revenue across the ecosystem reached $35 million.
Pump.fun reclaimed the top revenue position among individual platforms. The meme coin creation platform generated $10 million during the reporting period.
Jupiter, Raydium, and LetsBONKfun contributed to overall network revenue. These platforms drive consistent activity and user engagement across Solana DeFi.
Solana outpaced major competitors in weekly revenue metrics. Tron, Ethereum, and Bitcoin followed behind in blockchain revenue generation rankings.
Circle minted over $1.25 billion USDC stablecoin on Solana network. Total stablecoin supply now reaches $24 billion across the ecosystem.
Short liquidations exceeded $30 million over 24 hours during recent price action. The largest single position closure was worth $1.34 million near $204.
Technical analysis shows Solana price support at $185 level. A deeper demand zone exists between $176-$185 according to trading charts.
Assets under management on Solana blockchain reached $2.84 billion total. This figure reflects growing institutional interest and capital allocation trends.
