#SolanaSurge

Key factors contributing to the surge:

*Canadian ETF Launch: The launch of the world's first Solana spot ETF (CSOL) on the Toronto Stock Exchange has been a major catalyst. This provides institutional and retail investors in Canada with regulated and secure access to Solana.

*Increased On-Chain Activity: Following the ETF announcement, Solana has seen a surge in on-chain activity, including a significant increase in staking deposits. This reduces the circulating supply of SOL, potentially driving the price up.

*DeFi Liquidity Inflow: Over the past month, more than $120 million in liquidity has been bridged to Solana from other blockchains like Ethereum and Arbitrum, indicating renewed confidence in the network.

*Meme Coin Activity: The resurgence of meme coin trading on the Solana network, known for its speed and low costs, may also be contributing to increased demand for SOL.

* Surpassing Ethereum in DeFi Revenue: Solana has recently surpassed Ethereum in total lifetime DeFi revenue, highlighting its growing adoption and attractiveness for decentralized applications.