Solana price is on a steady rise, up 13% in the past week and now trading at $218, as traders await a breakout above its all-time high of $260! Three main reasons why SOL is surging: 1️⃣ Strong on-chain metrics: Weekly DEX volume has reached an all-time high of $26.1 billion, while the total value locked (TVL) has surged to $7.9 billion, indicating growing user demand. 2️⃣ Record open interest: Open interest in SOL futures has peaked, indicating strong institutional interest. 3️⃣ Memecoin mania: Solana-based memecoins are surging, boosting user engagement and daily transactions. Could SOL be on its way to a new all-time high? 🌠
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