Solana Sees 6.2% Daily Surge and 12.72% Weekly Growth as Trading Volume Climbs 46%
Solana is making headlines again. In just 24 hours, its price jumped by 6.2%. Over the week, it gained 12.72%. That’s not all, trading volume rose by a massive 46%. These numbers are turning heads in the crypto market.
So, what’s driving this sudden growth? And why is everyone talking about Solana again?
We’re here to break it down. In this article, we’ll look at Solana’s price action, trading activity, and what’s fueling investor interest. Whether you’re new to crypto or already a fan of Solana, you’ll find helpful insights.
Let’s explore why Solana is gaining momentum and what it could mean for the days ahead.
Solana: Market Performance Overview
We saw Solana (SOL) surge again, rising 6.2% in a single day. Over the past week, it jumped nearly 12.72%, reaching around $177. This rally places SOL ahead of many major cryptocurrencies in short-term gains. Its current market cap stands around $95 billion, making it one of the top Layer‑1 blockchains.
Price charts show SOL consolidating beneath a major resistance zone near $170. This structure mirrors past breakouts and suggests a strong base is forming. Analysts track key levels like the 200-day moving average ($164) and the 50-week average ($169), which may trigger more gains if breached.
Trading Volume Analysis
Trading activity has spiked. Volume rose 46% to over $9.3 billion in one day. That signals growing interest from both retail and institutional players.
On-chain data shows July’s DEX volume alone has topped $1.4 trillion. Platforms like Raydium, Orca, and Meteora led daily trades exceeding $3.85 billion. These record figures highlight improving network liquidity and stronger investor engagement.
Solana: Key Drivers Behind the Surge
Institutional Demand & ETF Buzz
The buzz around a Solana spot ETF has investors excited. Prediction markets now show a 99% chance of SEC approval before year-end.
The Rex‑Osprey Solana Staking ETF has already attracted $73 million in inflows. Firms like VanEck, Grayscale, and BlackRock are lining up too.
Tech and Ecosystem Strength
Solana hit a major DEX milestone with $1.4 trillion in July trades. Its chain processes over 160 million transactions daily at ultra-low fees under $0.01, and has stayed live for a record 15 months straight. Upgrades like Firedancer and Alpenglow promise even better performance soon.
On-Chain Activity
More users and apps are joining Solana. It now leads in daily transactions, supports over 5 million unique addresses, and has hosted nearly 3.15 billion in 24‑hour DEX volume recently. Dev interest is surging, with 7,600+ new developers onboarded in early 2025.
Community & Ecosystem Growth
Solana remains a top destination for builders. It outpaced Ethereum in developer activity during 2024. Hackathons and ecosystem grants continue to foster innovation. Projects cover DeFi, NFTs, gaming, and even tokenized real-world assets.
Adding to the buzz, BONK ecosystem tokens and Pump. Fun launches have attracted fresh interest and liquidity.
Investor Response & Technical Indicators
Prices are forming bullish charts. Analysts describe the setup as a “cup‑and‑handle” or “bull flag,” often seen before sharp breakouts.
If SOL decisively breaks above the $170 mark with volume, a move to $295 is seen as reasonable. Some even mention $300+ as the next target.
Short‑term indicators also look solid. RSI and MACD show bullish momentum, and whale-level flows are rising.
Risks and Challenges for Solana
We can’t ignore the challenges. Solana has had outages in the past, though none in the last 15 months.
Regulatory worries remain, especially until ETF approvals are official. Competition is fierce Ethereum, Avalanche, and newcomers like Sui are competing for attention.
A failed breakout above $170 could send SOL down to $136 or even $100.
Future Outlook and Price Predictions
In the near term, SOL could hit $190-$200 if it stays above $170 and ETF momentum continues. Some analysts push estimates to $265-$300 in the short term.
Long-term, bullish forecasts go further, even expecting $500 or beyond by late 2025-2026, with some calling $1,000 possible if institutional adoption continues. Bear cases warn that underperformance or tech issues could stall gains.
Bottom Line
We see a strong Solana narrative building. Its recent price jump and volume surge reflect real interest. On‑chain metrics, technical signals, and ETF talk all point higher. Still, risks are real. Network issues, regulation, and rivals could slow momentum.
We’ll be watching closely. If Solana breaks that $170 ceiling with strength, the next wave toward $200-$300 may begin.
Frequently Asked Questions (FAQs)
Solana is rising because of strong investor interest, higher trading activity, and talks about a future ETF. New apps and growing use also help boost its price.
Solana’s daily trading volume recently reached over $9.3 billion. This shows more people are buying and selling it, which can help push the price up or down.
Some experts say Solana could reach $200-$300 if demand stays strong. Others believe it may fall if the market turns weak or bad news comes.
Disclaimer:
This content is for informational purposes only and not financial advice. Always conduct your research.