Solana Price Climbs as On-Chain Activity Accelerates: Can the Rally Hold?

Solana (SOL) is trading around $173.90, down about 1% over the past 24 hours, after a strong multi-day rally pushed the token up more than 10% on the week. Despite today’s dip, the move outpaced most large-cap altcoins, and SOL is still well above last week’s lows—keeping breakout speculations alive and putting the spotlight back on Solana’s underlying fundamentals.

The renewed focus is showing up in the network’s on-chain data. Solana saw $22.39 billion in weekly DEX volume and $9.44 billion in total value locked (TVL)—its highest in over a year and a strong signal that DeFi momentum is back.

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It marks a rebound in user and developer interest across the network, further …

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