Solana’s Stunning Surge: Why SOL’s Price is Set to Soar!

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Key Takeaways:

  • Solana’s $10.9 billion TVL just left Ethereum‘s Layer-2 ecosystem eating its dust. 😏

  • In the past 30 days, Solana’s fee revenue has soared by 109%, making Ethereum look rather… sluggish. 🐢

  • With an 8% funding rate, Solana is clearly a favourite among those who love a bit of leverage and a lot of bullish action. 💸

Oh darling, Solana’s native token, SOL (isn’t it just so chic?), has risen a fabulous 24.8% from May 6 to May 10. This happened, of course, after Bitcoin flirted with $100,000. Now, while SOL’s price has had some trouble maintaining its position above $180 (such drama!), the data suggests that its flirtation with higher numbers is far from over. 🙄

Solana growth

Now, let’s talk about the numbers, darling. Solana isn’t just sitting pretty as the fifth largest cryptocurrency; it’s making waves in the on-chain metrics, holding a vice-like grip on the total value locked (TVL), second only to Ethereum. 💅

Solana TVL

Let’s do some maths: Solana’s $10.9 billion TVL outstrips the Ethereum layer-2 ecosystem, including the likes of Base, Arbitrum, and Avalanche (who?). Not to mention, even Binance’s BNB Chain is left trailing in the dust. 😬 In fact, Raydium DEX, Jito liquid staking, and Marinade have all seen increases in their TVL, proving that Solana’s network is practically the hottest thing in town. 🔥

Revenue Rising: The Fuel Behind Solana’s Surge

Now, if you think DeFi (Decentralized Finance, darling, keep up) activity doesn’t directly affect demand for the token, you’d be wrong. Solana is not just a pretty face—its 30-day fee revenue of $43.4 million is a *total* game-changer. Meanwhile, Ethereum managed a paltry $24.9 million. Yawn. 💁‍♂️

Solana fee revenue

Over the past month, Solana’s DApps and chain fees have been on a steady upward climb, reaching their highest in three months. And with 65% of SOL supply being staked, it’s safe to say that Solana is not just a passing fancy—it’s setting the stage for a price pump. 📈

If you want proof that the traders are eyeing up SOL’s price, just check the funding rate. Currently at 8%, it shows a solid appetite for long positions. Of course, let’s not get carried away—SOL is still 40% off its all-time high of $295. But with that kind of momentum? Who can say what’s next? 🤷‍♀️

SOL funding rate

Perhaps the magic catalyst is something utterly glamorous, like the approval of a spot Solana ETF in the US, or maybe a state-level strategic reserve? Traditional asset tokenization on Solana could unlock untold riches. The possibilities, darling, are endless. 💎

Remember, this article is for entertainment purposes only (no need to sue me, darling). It’s not financial advice, but then again, when has a little speculative fun hurt anyone? 😉

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2025-05-14 00:05