#SolanaSurge
Solana (SOL) has experienced a 4.5% price surge, driven by Canada's approval of its first spot Solana ETFs. This development has heightened institutional interest across North America, positioning Solana as a significant player in the cryptocurrency market. Notably, Solana has reclaimed dominance in decentralized exchange (DEX) trading volume, surpassing Ethereum with a 16% weekly gain. In the last 24 hours, Solana's DEX volume reached $3.99 billion, outpacing Ethereum's $3.35 billion, indicating robust trader demand .
AInvest
Bitget
Blockonomi
AInvest COINOTAG NEWS
The introduction of Solana ETFs is expected to attract substantial institutional investment, potentially reshaping the competitive landscape between Solana and Ethereum. While Ethereum maintains a higher total value locked (TVL) in DeFi, Solana's recent performance suggests a shift in trading preferences . As regulatory decisions unfold, the approval of Solana ETFs could significantly influence capital flow dynamics in the cryptocurrency sector.
