Solana News Today: Solana Market Cap Surpasses $100 Billion Driven by Treasury Interest

Solana, a prominent blockchain platform, has achieved a significant milestone as its market capitalization surpassed $100 billion for the first time in the second half of 2025. This surge, driven by growing interest in the Solana treasury, has propelled the platform's native token, SOL, to new heights. The market capitalization reached $102.6 billion, marking a 6.18% increase from its previous valuation.

The rise in Solana's market capitalization can be attributed to several factors, including the platform's robust ecosystem and the increasing adoption of its blockchain technology. Solana's high throughput and low transaction costs have made it an attractive option for developers and users alike, contributing to its growing popularity. Additionally, the platform's treasury has been a focal point of interest, with investors recognizing its potential to drive further growth and innovation within the Solana ecosystem.

Solana is becoming more attractive to treasury companies, as more funds are absorbing SOL. The asset also recovered above $100B valuation following the growth of the ecosystem. Solana (SOL) is getting a boost from whale and institutional interests as treasury companies consolidate their balances and support the token. Solana treasury companies tracked the trend of treasuries based on altcoins, following the example of Ethereum holders. The most recent buying rounds happened as SOL recovered to over $190.92. SOL remains the leader in altcoin treasuries, due to its use cases for additional passive income. SOL may also get a boost as another SOL ETF expects approval in July, barring unpredictable delays.

DeFi Dev Corp., one of the first to add a SOL treasury, expanded its holdings to 999,999 SOL. The company acquired an additional 141,383 SOL, achieving an average price of $133. The treasury is also used for passive income, aiming to draw attention with just 1 SOL left to hit the 1M token mark. The recent buying from treasury companies has effectively absorbed some of the selling from revenue-producing apps. The buying adds to the recent demand from ETFs, which are also growing their liquidity by the day. The treasuries of public companies expanded by 500% since January, with accelerated SOL buying in the past two months. DeFi Dev Corp. is buying SOL from both open market deals and from discounted deals of locked SOL. Some of the locked coins are still eligible to participate in on-chain and staking activities, boosting the underlying balance. The decision to buy locked SOL will further boost the Solana ecosystem, giving liquidity to early investors. The Solana chain still has 0.82% of its supply locked, but other holders may monetize their tokens held in DeFi protocols, simple staking, or liquid staking.

Mercury Fintech announced its plans to buy SOL with debt financing. Mercurity Fintech Holding Inc. will use its exposure as a Nasdaq-listed company to accelerate its Solana strategy. The SOL purchases will happen through a $200M equity line of credit, secured by Solana Ventures Ltd. Following the news, MFH shares rallied to a one-month high of $5.16, though the company has traded with ups and downs for the year to date. “MFH is evolving beyond fintech infrastructure to engage directly in the value creation and utility of decentralized networks,” said Wilfred Daye, Chief Strategy Officer of MFH. “Solana is emerging as a high-performance layer for tokenized assets, real-time payments, and institutional-grade DeFi — combining speed, cost-efficiency, and growing regulatory acceptance.”

SOL is becoming more valuable as the Solana ecosystem gains liquidity. In the past few months, Solana DeFi expanded, based on lending and especially Kamino protocol. Solana also evolved beyond its main use case as a chain for memes. Solana liquidity locked expanded to $10.26B, with renewed inflows of stablecoins. The chain also carries over $11.23B in stablecoins, following the most recent minting from Circle.

The achievement of this milestone underscores the growing confidence in Solana's technology and its potential to disrupt traditional financial systems. As more projects and applications are built on the Solana blockchain, the platform's market capitalization is expected to continue its upward trajectory. This development is a testament to the platform's resilience and its ability to adapt to the ever-changing landscape of the cryptocurrency market.

The surge in Solana's market capitalization also highlights the broader trend of increasing interest in decentralized finance (DeFi) and blockchain technology. As more investors and institutions recognize the potential of these technologies, the demand for platforms like Solana is likely to continue to grow. This trend is expected to drive further innovation and development within the blockchain industry, with Solana playing a key role in shaping its future.