In the past week, the trading volume of decentralized exchanges (DEX) on the Solana platform surged to $35.6 billion, reaching its highest level in over two months. According to data from Blockworks Research, this growth propelled protocol revenue to $25.9 million.

During this period, the network's average throughput remained at approximately 1,190 transactions per second (TPS). Meanwhile, Solana's market share in the SOL-USD trading market rose from 27% to 38%, indicating a growing demand for its native asset.

The total value locked (TVL) in Solana also saw a significant increase over the past 30 days. Data from DeFiLlama shows that the network's TVL surged 58% from a low of $13.9 billion to $22.1 billion.

Although still below the peak of over $26 billion in January, this growth indicates a strong recovery in user and developer engagement across the ecosystem.

At the same time, the growth in TVL is partially attributed to the rise in SOL value, which increased by 40% during the same 30 days, peaking at $181.44, the highest price since March.

Solana's price is currently slightly below the key support level of around $170, following several failed attempts to break through the key resistance level of $180, resulting in a short-term pullback that has limited its upward momentum in recent trading days.

Currently, SOL needs to reclaim above $170 quickly and maintain momentum to break through $180, which could lead to a rise to $205, marking the first time it has surpassed $200 since February 10.

On the downside, pay attention to the support level at $160.78; falling below this level would signal a weakening momentum and could push SOL down to $147.6.

If bearish pressure intensifies and the support level fails, the next key level would be at $140.4.