Solana News Today: Solana Dips 15.5% Amid Sell-Off But DEX Volumes and TVL Growth Signal $200 Rebound Potential

Generated by AI AgentCoin World
Tuesday, Aug 19, 2025 4:27 pm ET1min read
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Aime RobotAime Summary

- Crypto markets decline as Bitcoin drops below $115,000, triggering $450M in leveraged position liquidations amid broader sell-offs.

- Solana (SOL) dips 15.5% from $209.80 but shows resilience with $111.5B DEX volumes and 20% TVL growth to $12.1B.

- Solana generates $35.6M in fees (up 22%) and attracts $2.8B in ETP/futures exposure, outpacing XRP in institutional interest.

- Analysts predict potential $200 rebound for SOL, citing strong DEX performance, staking yields, and 90%+ ETF approval probability by year-end.

The crypto market is under pressure, with

Bitcoin
(BTC) and
Ethereum
(ETH) both retreating from recent highs. On August 19, 2025, Bitcoin fell below $115,000, triggering over $450 million in liquidations of leveraged long positions within a single day [1].
XRP
also dipped below $3 amid broader profit-taking and bearish sentiment, as traders monitor key support levels and macroeconomic signals for signs of a potential rebound [2]. The downturn has spilled over to altcoins and meme tokens, many of which have seen significant value erosion in recent days.

Despite the broader sell-off,

Solana
(SOL) has shown relative resilience. After hitting a 6-month high of $209.80, the token has since dropped 15.5%, raising concerns of a bearish double-top formation. However, multiple on-chain and market indicators suggest that a rebound toward $200 is likely. Solana’s DeFi ecosystem, which has recorded $111.5 billion in 30-day decentralized exchange (DEX) volumes, continues to outperform Ethereum layer-2 networks and
BNB
Chain, reinforcing its position as the second-largest DEX platform [2].

Total Value Locked (TVL) on the Solana network reached $12.1 billion this week, a 20% increase over the past two months. Several decentralized applications (DApps), including Kamino, Jito, and Raydium, have surpassed $2 billion in TVL. The sustained activity bolsters demand for SOL, as transaction fees play a critical role in maintaining native staking yields [2].

Network fees further highlight Solana’s strength. Over the past 30 days, the platform generated $35.6 million in fees—a 22% increase from the prior month. While Ethereum still leads with $41.4 million in fees, it saw a 7% decline during the same period. Solana’s low-cost, high-throughput model continues to attract users, eliminating the need for complex layer-2 solutions or bridges [2].

Institutional interest in Solana is also on the rise. Open interest on SOL futures has surged to $10.7 billion, up from $6.9 billion two months ago. This level now exceeds that of XRP futures, despite XRP’s 81% larger market capitalization [2]. In addition, Solana has attracted $2.8 billion in exchange-traded products (ETP) and futures exposure. Analysts have noted that the 7.3% native staking yield could drive further demand once U.S. spot ETFs for Solana are approved. Bloomberg analysts project a 90% or greater likelihood of SEC approval by year-end [2].

While the retracement from $209.80 has raised bearish concerns, the combined strength of Solana’s DEX volumes, TVL growth, fee generation, and institutional exposure points to a potential retest of the $200 level. These fundamentals suggest that the market may have turned bearish too soon, and a renewed push higher could be imminent.

Source:

[1] title: Bitcoin News Today: Bitcoin Falls Below $115000 as $500m Liquidations Trigger 11 Day 2508

url: https://www.ainvest.com/news/bitcoin-news-today-bitcoin-falls-115-000-500m-liquidations-trigger-11-day-2508

[2] title: Crypto market sell-off accelerates, but SOL data predicts recovery to $200

url: https://cointelegraph.com/news/crypto-market-sell-off-accelerates-but-sol-data-predicts-recovery-to-200