TLDR
- Solana beats Ethereum in DEX volume for 10th straight month with $124B in July
- SOL price tests crucial $210-$220 resistance zone with $270 upside target
- Daily trading volume reaches $33.3B, ranking third behind Bitcoin and Ethereum
- Developer adoption jumps to 40% in 2025, up from 25% in 2024
- Google searches for Solana hit all-time highs while BTC and ETH remain below peaks
Solana has maintained its winning streak against Ethereum in decentralized exchange trading volume for the tenth consecutive month. The network processed $124 billion in DEX volume during July, representing a 42% increase over Ethereum’s performance.
This sustained dominance highlights Solana’s growing market share in the DeFi sector. The blockchain’s high-speed transactions and low fees continue attracting traders away from more expensive alternatives.
Developer migration to Solana has accelerated dramatically in 2025. Alliance DAO data reveals over 40% of blockchain founders now choose Solana for their projects, up from just 25% in 2024. This shift reflects the network’s superior scalability for performance-oriented applications.
SOL Price Tests Critical Resistance Zone
SOL price is currently battling the $210-$220 resistance band that has capped every rally since March. Technical analysis shows an ascending triangle formation, suggesting a potential breakout phase.
Analyst predictions range from $270 to $300 if Solana successfully breaks above this key level. The 20-day Simple Moving Average provides support at $191, while MACD indicators display green momentum bars.
Price stability above $205 following last week’s breakout reinforces the bullish structure. A clean daily close above $220 would likely trigger follow-through toward the $250-$270 range.
Solana Price Prediction
Solana has secured its position as the third-largest cryptocurrency by trading volume, recording $33.3 billion in daily activity. This places SOL behind only Bitcoin and Ethereum in market liquidity.
Google Trends data shows Solana search interest reaching new all-time highs. This contrasts sharply with Bitcoin and Ethereum searches, which remain well below their historical peaks. Rising retail attention typically correlates with increased buying pressure.
Funding rates remain balanced despite growing open interest, indicating the market isn’t overleveraged. This healthy setup supports sustained momentum as price approaches the breakout zone.
On-chain performance continues driving fundamental strength. Strong DEX activity often acts as a catalyst for price appreciation, reinforcing the technical breakout setup.
The convergence of technical patterns, fundamental growth, and retail interest positions Solana for its next major move. Volume remains elevated while price tests the resistance level that could unlock higher targets.
