Solana News Today: Solana Demand Surges as DeFi and NFT Adoption Rise

The demand for Solana (SOL) has increased significantly in late July 2025, driven by the expanding adoption of decentralized finance (DeFi) and non-fungible tokens (NFTs) on the Solana blockchain [2]. As the ecosystem grows, multiple platforms have launched detailed guides to help users purchase SOL, focusing on user-friendly processes, enhanced security, and reduced transaction fees [1]. Bitget, for instance, encourages users to create an account on its platform and complete verification before purchasing [1], while Gate recommends a four-step process that includes KYC verification, fiat deposits, and using either centralized or decentralized exchanges for the transaction [2].

Currently, Solana is priced at $180.88, with a 24-hour change of -0.17% and a 7-day change of -0.6%. The total market capitalization of Solana is approximately $97.34 billion, with 538 million tokens in circulation and no capped maximum supply [2]. Investors using platforms like Binance and Gate benefit from low fees and advanced security features, making it easier to execute transactions efficiently [4]. For those seeking cost-effective options, peer-to-peer (P2P) trading is gaining traction. Gate suggests using Tether (USDT) for C2C trades, allowing users to exchange stablecoins for Solana without additional costs [2]. Some platforms also offer zero-fee trading, particularly for novice traders aiming to minimize expenses [4].

The high volatility of the Solana market makes timing a critical factor for investors. While advanced traders may use technical and fundamental analysis to predict market movements, all participants are advised to implement robust risk management strategies [2]. Analysts have noted potential for growth in the Solana ecosystem, with some forecasting a price of $179.45 as of July 30, 2025 [5]. However, these projections should not be interpreted as guaranteed outcomes [5].

Major exchanges such as Coinbase have expanded their offerings to include Solana, providing investors with more flexibility in managing their exposure to the asset [6]. These developments reflect growing institutional interest in Solana, reinforcing its position among the top six cryptocurrencies by market capitalization [2]. Platforms like Guarda have integrated Solana into their built-in exchanges, offering a seamless experience for purchasing and managing SOL assets [3]. Meanwhile, advanced traders can leverage tools such as Solana futures, as outlined in guides from platforms like 99Bitcoins [7].

These developments highlight the expanding utility and accessibility of Solana, offering a broader range of tools and strategies for both retail and institutional investors. As the ecosystem matures, the focus on security, liquidity, and educational resources continues to shape the buying process, supporting a more informed and resilient market.

Source: [1] How to Buy Solana Crypto: Step-by-Step Guide (https://www.bitget.com/wiki/how-to-buy-solana-crypto)

[2] How to Buy Solana (SOL) (https://www.gate.com/how-to-buy/solana-sol)

[3] What Solana Does & What Makes Solana So Interesting? (https://guarda.com/academy/blockchain/what-solana-does/)

[4] How to Buy Solana (SOL) Guide (https://www.binance.com/en-AE/how-to-buy/solana)

[5] Solana Cryptocurrency Price Forecast. Should You Buy ... (https://stockinvest.us/stock/SOLUSD)

[6] What's New for Ripple (XRP) and Solana (SOL) on Coinbase (https://cryptopotato.com/whats-new-for-ripple-xrp-and-solana-sol-on-coinbase-heres-the-latest/)

[7] Solana Futures: SOL Trading Guide for 2025 (https://99bitcoins.com/guides-and-tutorials/trade-solana-futures/)