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Solana (SOL) has surged past $200, driven by strong ETF inflows and corporate accumulation. Technical indicators show bullish momentum, though overbought conditions suggest potential short-term corrections. The rally is further supported by network growth and upcoming upgrades.
- DeFi Development Corp purchased 999,999 SOL ($198M) and staked it, signaling long-term confidence.
- Solana's TVL surged 63% to $10.3B, making it the second-largest blockchain by TVL after Ethereum.
- Jito Labs' Block Assembly Marketplace (BAM) upgrade aims to reduce MEV and boost transaction throughput.
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