Important news about Solana in the last 10 days:
1. Significant price increase for Solana: The price of SOL has surged to $160 recently, up 40% from the August low, demonstrating a strong bullish momentum in the market.
2. Key metrics surpassing Ethereum: Solana has surpassed Ethereum in trading volume on decentralized exchanges (DEX), with a 7-day trading volume of $10.9 billion compared to Ethereum's $9.69 billion.
3. Outperformance in perpetual contract market: Solana's perpetual contract market weekly trading volume reached $3.4 billion, exceeding Ethereum's $2.9 billion.
4. Dominance in the meme coin market: Solana has shown strong performance in the meme coin market, with a total market cap of related tokens reaching $10.8 billion; notable meme coins include Dogwifhat and Bonk.
5. Leadership in decentralized public infrastructure network (DePIN): Solana has excelled in the DePIN sector, with leading projects including Helium and Render.
6. Bullish forecast for October: Analysts expect Solana to continue rising in October, potentially reaching between $175 and $178.
7. Strategic growth of the ecosystem: The expansion of the Solana ecosystem, particularly in the DePIN and DEX sectors, further solidifies its competitive position.
8. Technical resistance levels faced by SOL: SOL is currently trading above significant technical levels, with the next key resistance level expected at $193.60.
9. Optimistic market sentiment: After the Federal Reserve cut interest rates by 50 basis points, market sentiment improved, driving up cryptocurrencies including Solana.
10. Rising network adoption rate: The adoption rates of Solana's DeFi protocols and infrastructure projects have rapidly increased, boosting trading volume and developer interest.
These news items indicate Solana's rapid growth in various fields and its strong performance in the market.
