The market capitalization of Solana ($SOL ) increased by $12 billion, reaching $92.61 billion as of June 30, 2025, driven by expectations of a spot ETF launch in the U.S. The price of SOL rose from $127 to $153.44 in a week, reflecting a 7% increase amid news of ETF applications from Invesco, Galaxy Digital, VanEck, and others. This is reported by posts on X and Bloomberg. Staking ETFs, particularly from REX-Osprey, are expected to attract significant institutional capital by the end of 2025.
The growth of Solana is supported by ecosystem activity: trading volume on decentralized exchanges (DEX) reached $100 billion, and the Pump.fun platform generated $230 million in fees thanks to meme coins. Technical improvements, such as processing 1,100 transactions per second, have strengthened Solana's position as a competitor to Ethereum. However, resistance at the $159 level may hinder further growth if regulatory delays at the SEC intensify.
Investors remain optimistic as Solana ranks 5th by market capitalization, surpassing BNB. Stay tuned for updates on #MiningUpdates
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