SOL Token Surges 2.31% as Futures Open Interest Hits $9.71B and TVL Climbs to $9.87B

Solana (SOLUSDT) has recorded a 2.31% price increase over the past 24 hours, with the current price at $178.29 on Binance. This positive movement is primarily attributed to heightened investor confidence following Solana’s futures open interest reaching an all-time high of $9.71 billion, as well as a consistent rise in Total Value Locked (TVL) within the Solana ecosystem, which has climbed to $9.87 billion. Additional support for the bullish sentiment comes from Binance’s introduction of new July Soft Staking offers, allowing users to earn daily rewards on SOL without locking funds, further increasing market participation.

Market activity remains strong, with 24-hour trading volume ranging from $8.30 billion to $19.89 billion and Solana’s market capitalization standing near $95.92 billion, ranking it #6 among cryptocurrencies. The asset has outperformed the broader crypto market over the past week, reflecting robust demand and ongoing momentum.