Solana News Today: Solana Surges 5.7% to $190.80, Market Cap Exceeds $100 Billion

Solana, a prominent blockchain platform, has achieved a significant milestone by surpassing a market capitalization of $100 billion for the first time in the second half of 2025. This surge in market value has positioned Solana as one of the leading cryptocurrencies in the global market. The price of Solana's native token, SOL, has been on a remarkable upward trajectory, currently trading at $190.80, marking a 5.7% increase over the past 24 hours. This price movement has garnered attention from analysts and investors alike, with some predicting that the token could soon break through the $200 mark.

The recent price surge can be attributed to several factors, including increased adoption and the growing ecosystem of decentralized applications (dApps) built on the Solana blockchain. The platform's high throughput and low transaction costs have made it an attractive option for developers and users seeking efficient and scalable blockchain solutions. Additionally, the surge in whale activity and the addition of new applications to the Solana network have contributed to the token's price appreciation.

Solana’s decentralized finance (DeFi) ecosystem is booming, with total value locked (TVL) jumping to $10.26 billion, the highest in nearly six months. This surge is largely driven by SOL’s price rally. Leading the pack are Jito Sol, Jupiter Exchange, and Kamino Finance. Over the past week, $180 million has been bridged to Solana from other blockchains, with $90 million coming from Ethereum alone. That is a 44% increase compared to the previous week, which shows growing interest and inflows into the Solana ecosystem. Solana-based perpetual trading platforms are seeing more Solana liquidations on-chain than all centralized exchanges combined during times of high market activity. This is a sign of shifting trader behavior.

In the past 24 hours alone, over $11 million in SOL short positions were liquidated as the token climbed to $191. The largest single liquidation hit $1.13 million at $188, showing just how fast sentiment is flipping. Solana is also seeing strong retail interest, with open interest in SOL futures jumping to $9.5 billion from $7.1 billion. With more short sellers getting liquidated, the price is being pushed higher, possibly past $200 soon.

Solana-based digital asset products like ETFs, funds, and ETPs saw $39.1 million in inflows last week. While Bitcoin led overall, Solana inflows were also notable among other altcoins. Solana also continues to lead all Layer 1 and Layer 2 blockchains in network revenue, now for the 17th straight week, highlighting its strong and consistent on-chain activity.

Analyst Ali Martinez had recently shared that $189 is a key breakout level for Solana. If SOL moves above it, there are not many strong resistance zones ahead, and the price could climb quickly from there. Glassnode says around 8 million SOL were bought near $190, so it’s a major resistance level. If Solana breaks above it and demand stays strong, the price could rise quickly since there is less selling pressure above that point.

The market's bullish sentiment towards Solana is evident, with many investors and analysts optimistic about the token's potential to reach new heights. The recent price movements and market capitalization milestone have solidified Solana's position as a major player in the cryptocurrency space, attracting the attention of both retail and institutional investors. As the ecosystem continues to grow and evolve, Solana's future prospects look promising, with the potential for further price appreciation and increased adoption.