Solana's native token, SOL, hit a record high of $264.50, fueled by Bitcoin's rise and a memecoin craze. Solana's decentralized exchanges (DEX) saw over $6 billion in daily trading, capturing 45% of the market, thanks to its low fees compared to Ethereum and others. With a total value locked (TVL) of $9.2 billion, Solana outpaces BNB Chain and matches Ethereum's top scaling solutions. Despite potential risks from leveraged trading, analysts see room for SOL's growth, given its market cap is still 70% below Ethereum's. The network's active DApp engagement hints at continued bullish momentum.