SOL Token Surges 2.2% as DEX Volume Jumps 40% and Active Addresses Hit Record High

Solana (SOL) is currently trading at $159.41 on Binance, reflecting a 2.20% increase over the past 24 hours with a 24h open of $155.98. The recent price rise is primarily attributed to a 40% surge in decentralized exchange trading volume on the Solana network and a record 34.69 million active addresses over the past week, signaling heightened user activity and strong ecosystem engagement. Positive sentiment has also been driven by Nasdaq's proposal to add Solana to its Crypto Index, anticipation of an SEC decision by November 2025, and significant institutional interest, including a $114.5 million long position opened by a whale on ETH and SOL. Additional support comes from technological advancements such as the Solayer project, which has secured $120 million in funding to enhance network performance, and the rollout of Solana Pay and VietQR features by Bitget Wallet, boosting adoption in Asia. Solana's 24-hour trading volume remains robust, and the asset has reclaimed key support levels after recent corrections, positioning it as the 6th largest cryptocurrency by market capitalization. Technical analysis indicates a bullish trend, with the asset targeting higher resistance levels if current momentum persists.