**Solana (SOL) Surges Past $180, Eyes $200 Milestone**

Solana (SOL) has broken past the $180 mark after nearly three months of struggle, riding a 16.3% gain alongside Bitcoin's rally. Onchain and derivatives data suggest that Solana's bull run might just be starting, with potential to reach $200 and beyond.

Key metrics show Solana's network total value locked (TVL) hitting a 2-year high, with deposits reaching 42.5 million SOL. This growth is driven by platforms like Jupiter, Raydium, and Sanctum. Solana now ranks second in liquid TVL, trailing only Ethereum.

Solana has also surpassed Ethereum in decentralized exchange (DEX) volumes, with notable contributors like Raydium and Lifinity. The memecoin sector has played a significant role, though its sustainability remains uncertain.

Low leverage in SOL futures indicates room for further price growth, suggesting that the rally to $182 is just the beginning of a broader bull cycle. Keep an eye on Solana as it targets the $200 milestone.