Recently Canada Canada introduced the first spot Solana exchange-traded funds (ETFs) in North America, $SOL has seen significant capital inflows, with over $120 million bridged from other blockchains (e.g., $41.5 million from $ETH , $37.3 million from Arbitrum) in the last 30 days. The total value locked (TVL) on Solana rose by 12% to $7.08 billion, surpassing competitors like Tron and Base. #SolanaSurge
Memecoin Rally and Ecosystem Growth: Solana-based memecoins like Popcat (up 50%), Fartcoin (up 26%), and Bonk (up 13%) have seen double-digit gains, contributing to network activity and SOL demand. The ecosystem’s support for decentralized finance (DeFi), non-fungible tokens (NFTs), and developer-friendly tools continues to attract projects and users.
SOL broke out of a bullish "falling wedge" pattern, rebounding from a multi-year support trendline near $95 and surpassing the upper trendline at $120.
Stablecoin and DEX Volume Surge: Solana’s stablecoin supply grew by 146% in Q1 2025, reaching $12.5 billion, and its decentralized exchange (DEX) networks handled $32.2 billion in transactions over the past week, outperforming Ethereum.
Meanwhile, BANK token, associated with the Lorenzo Protocol on the BNB Chain, has recently garnered attention due to its official launch and related developments (via BingX). While $BANK operates on the BNB Chain, the broader context of Solana’s surge (as discussed previously) may indirectly influence interest in tokens like $BANK, given the growing attention to Layer-1 blockchain ecosystems. Solana’s recent network activity, including stablecoin growth and memecoin rallies, could drive speculative interest in tokens on other high-performance chains like BNB Chain.
