🚀 Solana (SOL) $SOL Surges on Growing Ecosystem & Institutional Interest

Solana (SOL)$SOL has seen renewed momentum this week as bullish sentiment returns to the network’s ecosystem. SOL is currently trading around $152, showing a weekly gain of over 9%, fueled by a mix of growing institutional adoption and innovative DeFi developments.

🔹 Key Drivers of the Rally:

Visa and Stripe Activity: Major payment players like Visa and Stripe continue expanding their stablecoin support on Solana, praising its ultra-fast transaction speeds and low fees.

Rising DeFi TVL: Total Value Locked (TVL) in Solana-based DeFi protocols has surpassed $4.5B, the highest since early 2022.

New NFT Collections: Popular NFT projects are migrating from Ethereum to Solana for lower minting costs, attracting new users to the ecosystem.

🔹 Community Buzz:

Developers and creators are choosing Solana thanks to its speed, scalability, and growing developer tools. The recent “Solana Hackathon 2025” attracted over 20,000 participants, showcasing the ecosystem’s rapid growth.

🔹 Market Outlook:

Analysts predict SOL could test the $165 resistance if broader market sentiment remains bullish. With Ethereum ETF news fading slightly, alternative Layer 1 chains like Solana are gaining renewed attention.

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