Solana's price rally has pushed its total valuation to over $105 billion, reflecting renewed optimism and significant activity in the DeFi space.
Solana's price reached $195.50 per coin, marking a total valuation exceeding $105 billion for the first time since January 25. The total value locked (TVL) in DeFi has hit $14.18 billion, the highest in six months, driven by SOL's price increase. Despite the positive indicators, experts caution that true usage growth may lag behind. Between July 14 and July 20, Solana's decentralized exchanges saw over $22 billion in trading volume, with Raydium leading at $8.4 billion. Approximately 355 million SOL are staked, valued at around $69 billion. Predictions suggest SOL could rise another 3.50% to $210 by August 21, 2025, with a bullish sentiment reflected in the Fear & Greed Index at 71.