Solana DeFi tokens jump, led by RAY’s 60% gain, amid fund rotation

  • Solana ecosystem tokens recorded gains amid signs of rotation from the Robinhood ecosystem.
  • RAY rose 60% in 24 hours; JUP, MET and ORCA gained 21%, 13% and 12%.
  • Solana bridges added about $18.8 million as Robinhood Chain lost about $47.8 million.

Solana ecosystem trading-infrastructure tokens posted strong gains over the past 24 hours as signs emerged that some on-chain funds were rotating from the Robinhood ecosystem into Solana. RAY rose 60%, followed by JUP at 21%, MET at 13% and ORCA at 12%. Cross-chain data showed about $18.8 million added to Solana bridges, while Robinhood Chain declined by roughly $47.8 million. DeFi researcher Ignas said some traders may be taking profits on Robinhood ecosystem meme coins and buying Solana-based trading-infrastructure tokens in anticipation of a similar market surge. The current bridge flows remain small relative to total value locked, or TVL (the amount deposited in a protocol or ecosystem).

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