Solana ETF Hopes, Rising Fundamentals Are Driving SOL Prices Higher, Traders Say
Summary
Solana's SOL tokens surged over 18% in a week, reaching $180, outperforming BTC and ETH. Increased DEX activity, rising users, and growing fee accruals are boosting Solana's fundamentals. TVL on Solana crossed $5.28 billion, with daily trading volumes exceeding $2 billion. Its appeal lies in fast settlement speeds and low fees. Easing regulations and the potential for a Solana ETF are driving professional investor interest. Cboe has filed for potential spot Solana ETFs. SOL trades at nearly $180, outperforming the CoinDesk 20.
