SOL Token Surges 3.27% as DeFi TVL Hits $8B and Trading Volume Soars 50%

SOLUSDT experienced a 3.27% price increase over the past 24 hours, rising from 181.39 to 187.32, with the move attributed to heightened trading activity and positive sentiment following Solana’s record $8 billion DeFi TVL and anticipation around potential ETF developments. The price action also reflects technical factors, as SOLUSDT tested key support levels in the $175–$181 range and maintained momentum above $183, while increased on-chain liquidations and a 50% surge in trading volume to over $6.16 billion indicate robust market participation. Overall, Solana remains among the top cryptocurrencies by market capitalization, with current market dynamics driven by ecosystem growth and active trading.