Solana News Today: Solana Holds Key Support Amid ETF Hopes and $11.24 Billion DeFi Surge

Solana’s (SOL) price has held key support levels amid growing anticipation for potential exchange-traded fund (ETF) approvals and a surge in decentralized finance (DeFi) activity. As of the latest update, the token has remained above critical technical levels, with analysts noting that the consolidation suggests a potential for further gains in the coming months [1]. The price action has drawn attention from both retail and institutional investors, who are monitoring the interplay between on-chain developments and broader market sentiment [2].

At the time of reporting, Solana traded around $184, having previously reached as high as $215 during the week. Analysts view the pullback as a healthy correction within an ongoing bullish trend, helping to clear weaker hands and confirm key support zones [3]. The price stability at this level has been seen as a positive sign for the broader structure, with MacroCRG suggesting it could be a gateway to a potential move toward the $220–$250 range [4]. Maintaining this support is considered crucial for the continuation of the uptrend, particularly with macro factors and DeFi developments continuing to support the token’s fundamentals [5].

A short squeeze event further reinforced the bullish setup, with over $30 million in short liquidations occurring in a 24-hour period. The largest of these, worth $1.34 million, was closed near $204 [6]. Analysts attribute this to a rapid reversal in bearish sentiment as price momentum shifted unexpectedly. The clearing of many short positions has reduced immediate selling pressure, potentially making it easier for the token to test the $215–$220 resistance zone [7].

On-chain data also highlighted a significant increase in DeFi activity on the Solana network. The total value locked (TVL) in DeFi protocols has climbed to $11.24 billion, marking a high not seen since February 2025 [8]. Protocols such as Kamino Finance, Jito Sol, and Jupiter Exchange account for more than $9 billion of this figure, illustrating the concentrated liquidity and growing participation in the ecosystem [9]. Analysts suggest this rise in TVL reflects stronger engagement and confidence in Solana’s infrastructure, which complements the token’s technical strength [10].

Meanwhile, expectations for a potential Solana ETF have intensified, with reports indicating that up to eight products could be on track for regulatory approval. Analysts, including CryptoCurb, highlight that these products could serve as a regulated entry point for institutional investors, potentially unlocking fresh liquidity and expanding the token’s investor base [11]. Past approvals for Bitcoin and Ethereum ETFs have demonstrated the potential to deepen market liquidity and attract long-term holders, and similar effects could apply to Solana [12].

Technical indicators also suggest a constructive near-term outlook. Charts show support levels forming around $185 and a deeper demand zone between $176 and $185. Analysts emphasize that holding above $185 would reinforce the broader bullish thesis, particularly with ETF speculation continuing to drive market sentiment [13]. A controlled dip into support could offer a chance for the market to consolidate before building further momentum. In the short term, defending the $197 level is seen as a sign of strong buyer commitment [14].

The combination of reduced selling pressure, strong on-chain metrics, and growing institutional interest has created a favorable environment for Solana. If the price holds above key support and successfully reclaims the $215 zone, analysts believe the token could make a push toward $230–$250 [15]. With DeFi activity rising and regulatory momentum building, Solana appears to be entering a phase of sustained growth, supported by both fundamental and technical factors [16].

---

Sources:

[1] CoinMarketCap Community: [https://coinmarketcap.com/community/articles/689fb15ab4904459a1de3c0f/](https://coinmarketcap.com/community/articles/689fb15ab4904459a1de3c0f/)

[2] The Coin Republic: [https://www.thecoinrepublic.com/2025/08/15/solana-price-holds-key-support-as-etf-hopes-and-defi-growth-build/](https://www.thecoinrepublic.com/2025/08/15/solana-price-holds-key-support-as-etf-hopes-and-defi-growth-build/)

[3] Mitrade: [https://www.mitrade.com/au/insights/news/live-news/article-3-1041407-20250815](https://www.mitrade.com/au/insights/news/live-news/article-3-1041407-20250815)

[5] Mitrade: [https://www.mitrade.com/au/insights/news/live-news/article-3-1044026-20250815](https://www.mitrade.com/au/insights/news/live-news/article-3-1044026-20250815)

[6] Bitrue: [https://www.bitrue.com/blog/solana-rockets-past-200-dollars](https://www.bitrue.com/blog/solana-rockets-past-200-dollars)