**Solana Hits New Highs, Eyes $400 Target**

Solana (SOL) recently reached a yearly high of $248.44, just 8% shy of its all-time high of $260. Analysts suggest Solana is poised for a price discovery phase. Despite not experiencing a parabolic rise like some other cryptos, Solana's onchain metrics show a robust ecosystem. Its decentralized exchange (DEX) volume hit a record $41.2 billion last week, surpassing previous highs by over 100%. Solana now holds nearly half of the total DEX volume share across major networks. Analysts predict Solana could reach $400 if it breaks past its previous all-time high.