Solana has just surpassed the $100 billion market capitalization threshold, while the DeFi ecosystem of Solana reached a record total value locked (TVL) of $10.26 billion.
Strong buying demand in the derivatives market and capital flows into Solana products continue to maintain growth momentum, attracting the interest of retail and institutional investors amidst indications of Bitcoin's market capitalization shifting to leading altcoins.
MAIN CONTENT
Solana has re-achieved a market capitalization of $100 billion thanks to the momentum from the price of SOL and capital flows into DeFi.
The DeFi ecosystem on Solana has grown significantly with TVL reaching $10.26 billion over nearly the past 6 months.
The trading volume of derivatives and short position liquidations on SOL is increasing, pushing the price of SOL towards the $200 threshold.
How much total value locked (TVL) does Solana's DeFi have and what is driving this growth?
By mid-2025, the TVL of the Solana DeFi ecosystem has increased to $10.26 billion – the highest level in 23 weeks, largely thanks to the strong price increase of SOL.
Leading DeFi protocols on Solana include Jito Sol with TVL of $3.09 billion, Jupiter Exchange $2.90 billion, and Kamino Finance $2.89 billion (Source: SolanaFloor, July 2025). This demonstrates strong investment appeal for projects within the ecosystem, as many investors and liquidity flows shift from Ethereum to Solana.
Solana's DeFi TVL has surpassed the $10 billion mark for the first time in nearly 6 months, demonstrating the sustainable growth of the ecosystem and the increasing trust of the investor community.
– SolanaFloor, on-chain data tracking platform, July 2025
Why has the capital flow into Solana surged dramatically over the past week?
Data shows that over $180 million has been bridged to Solana, with about $90 million coming from Ethereum, a 44% increase from the previous week. This capital flow marks a clear trend of investment shifting to the Solana ecosystem.
In addition, the derivatives trading platforms based on Solana recorded a higher number of on-chain liquidations than all centralized exchanges combined, demonstrating a change in trading behavior as well as the growth of traders here.
How does retail investor interest and the phenomenon of short position liquidations impact the price of SOL?
In the past 24 hours, over $11 million in short positions on SOL were liquidated as the price of SOL rose to $191. The largest liquidation reached $1.13 million at $188, indicating a rapid shift in market sentiment.
Moreover, the open value of SOL futures contracts increased from $7.1 billion to $9.5 billion, along with trading volume rising by 80% to over $20 billion in a day, indicating strong participation from retail investors, likely pushing SOL's price above the psychological threshold of $200 in the near future.
When the price of SOL exceeds $189, the market has little strong resistance above, allowing SOL to increase rapidly, supported by nearly 8 million SOL being purchased at this price range.
– Ali Martinez, cryptocurrency analyst, July 2025
Why is Solana continuing to gain attention due to strong cash flow and network revenue?
CoinShares' report in July 2025 shows that digital asset products based on Solana, such as ETFs, funds, and ETPs, continue to attract $39.1 million in new capital flows in the latest week, ranking second after Bitcoin ($2.19 billion).
Solana has led on-chain revenue for 17 consecutive weeks, showing stable and efficient on-chain activity, proving the long-term appeal to institutional investors and the community.
Criteria Solana Bitcoin Ethereum Market Capitalization $100 billion $1.2 trillion $550 billion DeFi TVL $10.26 billion No DeFi $45 billion Last week's capital flow (ETFs, funds) $39.1 million $2.19 billion $500 million Weeks leading on network revenue 17 consecutive weeks Not applicable Not continuous
Frequently Asked Questions
How much market capitalization did Solana achieve in its last assessment?
Solana has just surpassed a market capitalization of $100 billion, marking an important valuation for SOL in July 2025.
What is the current TVL of Solana's DeFi?
DeFi TVL on Solana reached $10.26 billion, the highest in nearly 6 months, thanks to SOL's price increase and capital flows into DeFi protocols.
Why has the price of SOL been trending upward strongly recently?
Due to a large amount of short positions being liquidated along with a strong increase in trading volume and futures positions being opened, the price of SOL is rising rapidly and may surpass $200.
Which DeFi protocols are leading on Solana?
Jito Sol, Jupiter Exchange, and Kamino Finance are the three DeFi protocols with the highest TVL, at $3.09 billion, $2.90 billion, and $2.89 billion, respectively.
How does the capital flow of ETFs and funds into Solana compare to Bitcoin?
In the past week, the capital flow into Solana-based products reached $39.1 million, while Bitcoin led with $2.19 billion.
Source: https://tintucbitcoin.com/solana-can-moc-von-hoa-100-ty-usd/
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