Solana’s TVL Surge and Memecoin Boom Signal a Shifting Crypto Paradigm

Generated by AI AgentCoin World
Wednesday, Sep 10, 2025 8:21 am ET1min read
SOL
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Aime RobotAime Summary

- Bitwise CIO highlights growing optimism for Solana (SOL) amid "Solana season," driven by ETF approval expectations and rising institutional interest in corporate treasuries.

- Solana’s TVL surged to $12.27 billion (57% from June lows), fueled by DeFi platforms like Raydium and Jito, signaling enhanced liquidity and adoption.

- Memecoin market capitalization on Solana jumped 70% to $12.4 billion, with DEX trading volume rising 73% to $817.3 million, reflecting heightened user engagement.

- Technical analysis shows a 70% price rebound since January, with potential for a $295 all-time high if $200–$240 resistance is breached, offering a 36% upside.

- Analysts anticipate further gains to $300–$350 if institutional adoption and ETF approvals materialize, positioning Solana as a critical inflection point in crypto markets.

Bitwise Asset Management's Chief Investment Officer recently indicated growing optimism for

Solana
(SOL) as "Solana season" appears to be emerging, driven by anticipation of exchange-traded fund (ETF) approvals and increasing institutional interest in corporate treasury allocations. These factors, combined with recent onchain activity and market trends, suggest that Solana is gaining momentum in the broader cryptocurrency ecosystem.

Onchain metrics reinforce this narrative. As of September 9, Solana’s total value locked (TVL) reached an all-time high of $12.27 billion, representing a 57% increase from the $7.8 billion lows recorded in mid-June. This growth was largely driven by decentralized applications such as Raydium, Jupiter DEX, Jito liquid staking, and Sanctum protocol, which saw TVL gains ranging between 18% and 32% over the past month. The expansion of Solana's TVL signals increased liquidity, usability, and adoption, all of which could support further price appreciation.

Simultaneously, the Solana-based memecoin market has experienced a significant rebound. Over the past three months, Solana's memecoin market capitalization rose from $7.3 billion to $12.4 billion, a 70% increase. This growth was accompanied by a 73% rise in decentralized exchange (DEX) trading volume attributed to memecoins, reaching $817.3 million on September 9. The surge in DEX activity highlights growing user engagement and network utility, reinforcing the case for Solana as a platform of rising influence in the decentralized finance (DeFi) and meme coin sectors.

Technically, Solana’s price action has formed a V-shaped recovery pattern since January, with the token rebounding 70% from its June 22 low of $125. While Solana briefly dipped below $200 on September 1, it has since regained 12% of its value. Analysts have noted that a breakout above the $200–$240 supply-demand zone could set the stage for a move toward $252, the neckline of the V pattern. If this level is breached, the next resistance target would be the all-time high of $295, representing a potential 36% gain from the current price.

Market commentators are cautiously optimistic about Solana’s trajectory. Some suggest that institutional adoption and the potential approval of spot Solana ETFs in the United States could further fuel price gains, possibly pushing SOL toward $300 or even $350 in the coming months. Bitwise’s CIO aligns with this view, noting that Solana is increasingly becoming a preferred asset for corporate treasury allocations and ETF inclusion, suggesting that the ecosystem is approaching a critical inflection point.