#SolanaSurge

As of April 19, 2025, Solana (SOL) is seeing strong upward momentum, trading around $138.38, up about 4.15% in the last 24 hours. The price surge follows the launch of Canada's first spot Solana ETFs on April 16, introduced by major firms like Purpose, Evolve, CI, and 3iQ. These ETFs offer direct SOL exposure with staking features, attracting institutional interest.

Solana's network activity has also ramped up significantly. It is now generating more daily transaction fees than Ethereum, with Solana’s fees ranging between $1.08M and $1.57M, compared to Ethereum’s $437K to $756K. Decentralized exchange (DEX) volume on Solana has hit $15.8 billion over the past week, surpassing Ethereum’s layer 2 networks by more than 50%.

Technically, Solana is testing the $135 support level and showing bullish indicators, suggesting potential for further growth in the short term.

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