$SOL Why is SOL bullish?

1.SOL rose 17% between July 7 and July 9, breaking through the $140 level

2. Market performance indicators: Solana collected a total of $49.3 million in fees in 30 days, and its leading DApp generated $83.7 million in revenue. This makes it competitive with Ethereum, which generated $131.8 million in fees during the same period.

3. SOL ETF approval expectations: Investors' excitement about the possible approval of Ethereum and Solana spot ETFs boosted market sentiment.

4. Network activity and upgrades: Solana's network activity and DApp participation have grown.

5. NFT and DeFi expansion: Solana's NFT and DeFi ecosystems have shown significant activity. In the last seven days, Solana’s NFT sales have surpassed Polygon, and platforms such as OpenSea, which integrate Solana NFTs, have also driven growth in trading volume. $SOL