Solana network and DeFi activity suggest SOL price rally will continue

Quick Summary:

The exact catalyst that could propel SOL’s price higher remains uncertain, but possibilities include the potential approval of a spot Solana exchange-traded fund (ETF) in the US, as well as Solana’s eventual inclusion in a state-level digital asset strategic reserve.

Source: TradingView / CointelegraphWhile Solana ranks the fifth largest cryptocurrency by market capitalization, Solana Network is the vice-leader in key onchain metrics including the total value locked (TVL).

Related: Solana co-founder proposes meta chain to fix blockchain fragmentationTo gauge whether traders are becoming more optimistic about SOL’s price outlook, it is helpful to look at leverage demand.

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Article Details

Author / Journalist: Cointelegraph by Marcel Pechman

Category: Crypto

Markets: United States

Topics: Network Fees Market Funding Chain Solana’s Solana Million Demand Value Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 21:30:00 (17 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 503 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28687619

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 24 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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