Solana Tops $200 as TVL Hits $14B and Dev Activity Peaks
Solana TVL climbed to a six-month high of $14.18 billion as DeFi adoption accelerated. SOL price jumped from $195.50 to above $200, lifting market cap past $107 billion. Weekly DEX volume on Solana topped $22 billion, led by Raydium (RAY) and Orca (ORCA). On-chain analytics show user activity surges and developer contributions hit a two-month peak. Staking remains robust, with 355 million SOL (65% of supply) locked. NFT, gaming and DeFi apps continue deploying to leverage Solana’s high throughput and low fees. Analysts caution that part of the TVL gain stems from rising token prices, urging traders to watch genuine deposit growth. Market sentiment is bullish: the Fear & Greed Index sits at 71, and CoinCodex forecasts SOL at $210 by August 2025.
Bullish
The news highlights multiple bullish catalysts for SOL. Price surpassed $200, lifting market cap above $107 billion, while TVL hit a six-month high at $14.18 billion. Robust DeFi adoption, surging on-chain activity, and peak developer contributions underscore network growth. Continued staking of 355 million SOL secures consensus and reflects investor confidence. Despite analyst caution that part of the TVL increase stems from price appreciation, overall sentiment remains positive, with the Fear & Greed Index at 71. This combination of strong fundamentals, ecosystem expansion, and rising investor interest supports a bullish outlook for SOL in both the short and long term.