SOL Token Rises 2% as Spot ETF Listings and DeFi Growth Drive $8B TVL Surge

Solana (SOLUSDT) is trading at 163.61 USDT, reflecting a 2.01% increase over the past 24 hours, with a 24-hour open of 160.39. The price change is primarily attributed to heightened investor interest following developments related to potential spot Solana ETFs in the U.S., including the recent listing of VanEck's SOL Spot ETF by the DTCC and the launch of Solana ETFs in Canada. Additional drivers include significant growth in tokenized assets on the Solana blockchain, which have reached $418 million year-to-date, and a surge in DeFi activity with total value locked exceeding $8 billion. Increased trading volume and institutional participation, such as the expansion of BIT Mining and DeFi Dev Corp's SOL acquisitions, have also contributed to the recent price movement. The market remains active, with trading volume up and price volatility continuing as traders monitor key support and resistance levels.