ChainCatcher news, according to CoinDesk, market observers said that the increase in trading activity and the expectation of the development of Solana ETF may be the reason for Solana's recent outperformance.

SOL tokens have risen by more than 18% in the past week, surpassing Bitcoin (BTC) and Ethereum (ETH), and the trading price exceeded $180 in early trading on Monday, setting a three-month high.

Amberdata blockchain researcher Pat Doyle shared: "The Solana ecosystem has shown strong growth, as evidenced by increased DEX activity, increased daily active users, and accumulated network fees. These strong fundamentals, coupled with positive market sentiment, are driving SOL forward."