SOL Surges 3.8% Driven by DeFi Growth, Record Stablecoin Supply, and Increased Staking

Solana (SOL) is currently trading at $186.45 with a 24-hour opening price of $179.62, reflecting a 3.80% increase and maintaining strong trading volume and a market cap above $90 billion. The recent price rise is primarily driven by bullish technical momentum, growing DeFi activity, and record-high stablecoin supply on the Solana network, as well as notable on-chain activity such as a large wallet staking over 200,000 SOL as JitoSOL. Increased institutional and retail participation, along with Solana’s leadership in DEX volumes and positive sentiment from technical analyses targeting higher resistance levels, have contributed to the asset’s upward movement over the past 24 hours.