Solana Surges 4.41% in 24 Hours, TVL Exceeds $14 Billion

Solana's latest price was $205.17, up 4.411% in the last 24 hours. This recovery demonstrates a remarkable 2,000% rebound from previous lows, boosting market confidence. The community remains active, with memecoins and DeFi tokens within the Solana ecosystem seeing notable gains, driven by increased market activity. Institutional sentiment appears optimistic, with targets set as high as $336 for Solana, reflecting broader market optimism and potential further investment inflows if momentum sustains.

Industry implications are visible as Solana’s rally influences related assets, with comparisons being made to Ethereum's past market performance. Stakeholders anticipate further liquidity flow into Solana-based dApps, enhancing network security and transaction volumes. Analyst opinions suggest that Solana’s price pattern supports bullish sentiment, inspired by previous cycle trends and the resurgence of investor interest. The near-term focus involves monitoring market stability and ongoing community engagement, preparing for probable bullish outcomes. Historical precedents indicate Layer 1 recovery can initiate sustained rallies, fostering ecosystem growth crucial for long-term investor confidence and infrastructure development. This potential evolution could redefine participation dynamics, reinforcing Solana’s position in the market.

Solana's total value locked (TVL) on the Solana network climbed above $10 billion, a level not seen since February 2025, highlighting the growing confidence of both investors and users in the platform. These developments underscore Solana’s growing relevance within the crypto sphere. The impressive TVL reflects both increasing DeFi adoption and rising interest in Solana’s expanding ecosystem. NFT platforms, gaming projects, and decentralized applications continue to migrate or build on Solana, leveraging its high throughput and low transaction fees. As investor attention intensifies, market watchers remain optimistic about the platform’s future trajectory. With the current momentum, Solana continues to cement its place as one of the leading blockchain platforms. Its ability to sustain user and developer interest, alongside robust price action, suggests further growth potential in the months ahead.

The REX-Osprey Solana Staking ETF (SSK) has crossed $100 million in assets under management (AUM), just 12 trading days after its July 2 launch. Greg King, founder of REX Shares, highlighted the speed of this growth as a testament to rising investor appetite for innovative crypto exposure through regulated investment vehicles. SSK is the first US-listed spot Solana ETF to incorporate on-chain staking rewards. This gives investors direct exposure to SOL’s market price and staking yield within a liquid, regulated ETF format. The product removes technical barriers such as managing wallets or self-custody, making Solana more accessible to traditional investors. Due to this, the ETF gathered significant interest from investors in the market. On-chain activity continues to support the bullish momentum. DeFiLlama data shows that the total value locked in Solana-based DeFi protocols has surpassed $10 billion. Meanwhile, over the past week, more than 350,000 new tokens have been deployed on the Solana network, marking a 9% increase. Moreover, institutional investors are also showing heightened interest in the crypto asset. On July 21, Upexi disclosed a $20 million acquisition of 100,000 SOL, while Defi Development Corp. announced a separate $28 million purchase of 141,383 SOL. These moves signal confidence in Solana’s long-term potential among prominent asset managers and institutional investors.

Solana’s total value locked in DeFi hit $14.18 billion. That’s the highest level in six months, back to where it stood in January when SOL first reached its all-time high. A big chunk of that gain comes from the token’s own price climbing. When SOL moves up, every coin locked in lending pools and vaults gets worth more on paper. Users haven’t needed to rush in and lock fresh tokens to boost TVL numbers. The overall ecosystem feels larger. Yet true usage growth may be slower than those headline figures suggest. Experts are keeping a close eye on how many new deposits actually show up. After all, token value and real-world demand don’t always rise at the same pace. Between July 14 and July 20, Solana’s decentralized exchanges handled over $22 billion in trading volume. That’s up from close to $19 billion the week before. Raydium led with $8.4 billion, followed by Orca at almost $6 billion and Meteora at $5.3 billion. Based on data, traders are coming back. But weekly volumes still sit far below the $98 billion peak set in mid-January. That gap signals a market that’s warming up but not yet boiling over. Volume gains show renewed interest among active users. It also hints that fresh strategies and new tokens may be finding feet after a slower spell.

According to on-chain figures, about 355 million SOL remain staked with validators. That stake is worth roughly $69 billion, or about 65% of all tokens in circulation. Those coins aren’t counted in DeFi TVL or in DEX volumes. Instead, they’re busy securing the network and validating transactions. In the past 30 days, SOL experienced 19/30 green days and 8.61% price fluctuations, indicating both strength and volatility in today’s market.

The Layer-1 (L1) blockchain, which powers internet capital markets, payments, and crypto applications, is at the center of a collaboration between industry giants. In a press release, the non-custodial wallet MetaMask has partnered with Transak, one of the largest payments infrastructure providers, by introducing native support for Solana, marking the first integration outside of the Ethereum Virtual Machine (EVM). Transak will provide the infrastructure for the fiat-to-SOL highway. From today, MetaMask users will be able to buy Solana tokens directly from the app, using their country’s fiat currency via credit/debit cards, Apple Pay, Google Pay, bank transfers, and other payment methods. There will be no need for bridges, complicated exchanges, or a steep learning curve – just a few clicks will be all that it takes to enter the Solana ecosystem. “This is a significant milestone for MetaMask and a natural extension of our mission to make crypto more accessible,” said Lorenzo Santos, Senior Product Manager at MetaMask. “Solana has become a core part of the Web3 conversation, and with Transak, our users can now effortlessly purchase SOL using their local currencies, simplifying the onboarding experience.” The self-managed wallet has been active for over eight years now and has facilitated millions of transactions globally, serving as a powerful entry point into the products offered by Ethereum. By 2024, MetaMask has expanded to offer on-ramp support to over 10 EVM chains, primarily powered by Transak’s architecture. Solana’s comeback over the past year has been quite notable. At the time of printing, the active monthly addresses on the chain are 69.9 million, whereas at the same time last year, they were 15.8 million.

DeFi Dev Corp. has significantly expanded its presence within the Solana ecosystem, culminating in its treasury holding 999,999 SOL tokens following a strategic acquisition initiative. This accumulation was part of a $19 million purchasing effort executed between July 14 and July 20, 2025, partially financed through an equity line of credit. This move increased the company's holdings from 857,749 SOL, marking a 16.6% rise. The firm's total Solana-related treasury assets now stand at $181 million, inclusive of assets like staking rewards and validator earnings, establishing the company as a major institutional holder in the Solana network.

The company's strategy involves active participation in the Solana network beyond passive asset holding. DeFi Dev Corp. earned 867 SOL over the past week through activities such as staking rewards, validator fees, and on-chain operations. This participation, generating approximately $156,000 in passive income using the asset's value as a reference point, serves a dual purpose: it yields financial returns while simultaneously contributing to the network's security. This approach directly benefits shareholders, reflected in a 13% week-over-week increase in the Solana per Share (SPS) metric to 0.0514 SOL.

This strategy represents a distinct departure from traditional corporate treasury management. The firm leverages public market funding to deepen its integration with the Solana blockchain, utilizing earned tokens to compound its position and influence within the ecosystem. The $19 million acquisition, strategically timed as broader interest surged, demonstrates an alignment with Solana's foundational principles of decentralization and scalability. With remaining capital capacity, DeFi Dev Corp. is positioned to exceed the million-SOL threshold, exemplifying a model where public companies become dynamic participants, securing yields and bolstering network infrastructure rather than acting as passive holders.