Solana prices are up to 36% from crypto market crash lows – is $ 180 sol to the next stop?
Solana’s native token (Sol) Failed to maintain its bullish momentum after reaching a $ 134 level on April 14, but an assortment of data points suggests that the Altcoin rally has not been completed. The Sol price is currently 57% down from all times high, which is partly due to a sharp decline in its DAPPS activity, but some analysts mention the growth of Deposits in the Solana network as a catalyst for long -term prices reversed for a short time.
Solana has established itself as the second largest blockchain by the total amount locked (TVL), with $ 6.9 billion. After getting 12% in seven days ending on April 16, Solana pulled the preceding competitors such as Tron, Base, and Berachain. Positive signs include a 30% increase in sanctuary deposits, a liquid staking application, and 20% growth in Jito and Jupiter.
Solana’s DEX volume exceeds Ethereum’s layer-2s
One could argue that Solana’s TVL almost corresponds to the Ethereum Layer-2 ecosystem in deposits. However, this comparison overlooks Solana’s strong position in the decentralized exchange (DEX) volume. For example, in the seven days ending April 16, the trading activity in Solana Dapps costs $ 15.8 billion, which exceeds the combined volume of Ethereum’s scale solutions of more than 50% at the same time.
Solana took the top area to the dex activity, which exceeded Ethereum after 16% gain for seven days. It is supported by a 44% increase in pump-fun volume and a 28% increase in Raydium. In contrast, volumes refused three largest Ethereum dapps – uniswap, liquid, and curve finance. A similar trend took place in the BNB chain, where Pancakeswap, four memes, and Dodo saw a reduced volume compared to last week.
It is unfair to measure Solana’s growth only through DEX performance, as other DAPPs hold a smaller volume. For example, the finance in the ondo Tokenized A total of $ 250 million worth of possessions in the Solana network. Meanwhile, exponent, a outbidIt has doubled TVL for the past 30 days. Similarly, the harmony platform of the combined synatra experienced a 43% jump on TVL last week.
Trust analysts that is a solana Funds exchanged by the exchange (ETF) was approved in the United States in 2025. However, expectations for significant flows were limited due to a general lack of interest from institutional investors and the recent poor performance of similar instruments to ETFERum ETF. If the ETF spot is approved, it can strengthen Solana’s existence – especially if the US government’s digital ownership plans are coming.
Related: Real Estate Fintech Janover doubled Solana Holdings with $ 10.5m Buy
Investors are eagerly awaiting the full audit of the US Federal Agency’s holders, which is first expected by April 7. However, then This deadline is missingSome journalists suggest that the executive command signed on March 7 does not require the findings of the findings. Regardless of whether Sol appears on that list, there are currently no government plans to get cryptocurrencies other than Bitcoin (BTC).
Currently, there are few catalysts to justify a rally at $ 180, a level last seen 45 days ago on March 2. If there are no external factors that cause a huge flow of new participants to the Crypto ecosystem, the rise of TVL and Dex Market is not likely to push Sol’s Sol to worse.
This article is for general information purposes and is not intended to be and should not be done as legal or investment advice. The views, attitudes, and opinions expressed here are unique and do not necessarily reflect or represent the views and opinions of the cointelegraph.
