Solana (SOL) is experiencing significant momentum, trading around $138.38, up 4.15% in the last 24 hours. The launch of Canada's first spot Solana ETFs on April 16 by firms like Purpose and 3iQ has attracted institutional interest. Solana's network activity is robust, with daily transaction fees surpassing Ethereum's, ranging between $1.08M and $1.57M. Decentralized exchange (DEX) volume on Solana has reached $15.8 billion over the past week, outpacing Ethereum's layer 2 networks by over 50%. Technical indicators suggest bullish momentum, with SOL testing the $135 support level, indicating potential for further growth in the short term.
