SOL Token Surges 3.78% as ETF Filings and DEX Volume Spark $3.6B Trading Boom

Solana (SOL) is currently trading at $147.38 on Binance, up 3.78% over the past 24 hours from an open of $142.01, with trading volume exceeding $3.6 billion and a market capitalization near $77 billion. The recent price increase is attributed to strong decentralized exchange activity—Solana surpassed Ethereum in DEX volume over the past 30 days—and renewed optimism from multiple spot SOL ETF applications filed by major asset managers such as Invesco Galaxy, VanEck, BitWise, and 21Shares. Additional positive sentiment stems from the state of Wyoming’s adoption of Solana for a state-backed stablecoin initiative and discussions at the U.S. federal level regarding the potential inclusion of Solana in a proposed U.S. Crypto Reserve. Despite broader market corrections in the past month, these developments have contributed to a short-term rebound and increased institutional interest, supporting the recent upward movement in SOL’s price.