$SOL

Solana (SOL) is currently trading around $143, experiencing a slight dip of over 2% in the last 24 hours. Despite this minor correction, Solana has shown strong performance recently, recovering significantly from its April lows. The network continues to boast high transaction throughput, significantly surpassing Ethereum in daily transaction volume and often exceeding 2,000 transactions per second.

Recent data indicates increased institutional interest, potentially fueled by anticipation of a US spot Solana ETF. The network's DeFi ecosystem remains robust, with substantial total value locked and a thriving memecoin market contributing to increased network fees. While there was a minor price decrease today, the overall sentiment suggests continued bullish momentum for Solana, with some analysts predicting a potential rally towards $200.