SOL Surges 2.3% as Institutional Interest and DeFi Growth Drive Momentum

Solana (SOL) is currently trading at $177.13 with a 24-hour opening price of $173.12, reflecting a 2.32% increase in the last 24 hours and a trading volume of approximately $6.37 billion, maintaining a market capitalization of $88.84 billion. The recent price uptick is attributed to heightened institutional interest, robust DeFi and NFT ecosystem growth, and increased trading activity, particularly following the launch of campaigns such as Binance’s BNSOL Super Stake and renewed attention on Solana’s network performance and potential ETF developments. Sustained momentum is further supported by Solana’s position as a high-performance blockchain alternative, ongoing increases in network transactions, and strong participation in decentralized exchanges and memecoin markets.