SOL Token Surges 5.46% as DeFi TVL, Institutional Interest, and ETF Forecasts Drive Momentum

Solana (SOLUSDT) has experienced a notable 5.46% price increase over the past 24 hours, rising from a 24h open of $177.37 to a current price of $187.05 on Binance. This upward movement is primarily attributed to strong network fundamentals, including a surge in Total Value Locked (TVL) in DeFi, increased transaction volume, and heightened institutional interest reflected in rising open interest for SOL futures. Positive sentiment has also been driven by recent ecosystem developments such as Bloomberg analysts forecasting a potential SEC approval for a spot Solana ETF, the launch of bridge-less cross-chain swaps by 1inch, and expanded institutional and retail access through Coinbase and Hong Kong’s OSL exchange. Additionally, active participation in campaigns like Binance Square’s CreatorPad for the Solayer project has contributed to market engagement. In the last 24 hours, Solana has seen robust trading activity with a volume of approximately $6.2 billion, a market capitalization of $99.6 billion, and price fluctuations between $175.99 and $187.05, reflecting strong investor interest and dynamic market conditions.