Solana began to show strength after a brief period of weakness.
While markets as a whole struggled, SOL stabilized as the bulls returned with conviction. The $75 area served as a dividing line and buyers defended it aggressively, avoiding a deeper breakout.
This defense signaled that sellers were losing control near support. As a result, attention turned to whether the chain’s strength could warrant renewed optimism.
At the time of writing, the momentum was no longer collapsing. This was an intentional reconstruction. This was evident on the price charts, with SOL valued at $88 after a 7% rise in 24 hours.
Solana Dominates Weekly DEX Volume
Solana (SOL) dominated trading activity on decentralized exchanges this week.
The top 10 chains by DEX volume over the past 7 days showed Solana leading with $15.72 billion. Ethereum followed at $11.64 billion, while BNB Chain was at $6.21 billion.
Source:
Base recorded $5.17 billion, Arbitrum recorded $1.87 billion, and Polygon reached $1.48 billion. Meanwhile, Avalanche recorded $999.78 million, while Sui and Monad remained below $700 million.
The gap was clear and apparent. This may be why liquidity has been so aggressively focused on Solana’s network.
Such dominance can also be seen as evidence of active capital turnover rather than passive speculation.
Are TVL increases a sign of ecosystem acceleration?
TVL growth data revealed significant inflows into certain Solana protocols.
SuperstateInc surged 97.23% in 7-day TVL growth. KnightradeTeam followed with 96.42%, almost matching that explosive pace.
Source:
The disparity compared to other pools seemed strong, however. Water flow increased by “only” 18.75%, while Etherfuse recorded figures of 14.56%. Likewise, oother protocols ranged between 3.55% and 14.13%, including HastraFi and solsticefi.
This implies that momentum has been heavily concentrated at the top. Also, these nearly 100% jumps signaled an aggressive deployment of capital.
Despite the concentration, the growth is undeniable. Needless to say, this has led to a renewed sense of belief within the ecosystem.
$75 held back as bulls reclaim EMA ribbon
The $75 level remained firmly under pressure.
The bulls defended this area decisively, avoiding structural damage. As a result, SOL collected the $80 with authority. More importantly, the price moved back above the EMA ribbon. Therefore, the short-term momentum has shifted towards buyers.
Source: TradingView
Holding above the EMA ribbon gave leverage to the bulls. In fact, the RSI showed that Solana was recovering from the oversold zone. Failure to maintain this position would have caused immediate weakness.
Simply put, the technical recovery ultimately reflected the expansion of the ecosystem.
Will SOL maintain momentum above the EMA?
Today, despite this change in dynamics, sustainability remains the real test. The recovery of the EMA ribbon quickly changed sentiment. However, at press time, SOL has yet to convincingly breach the $90 resistance.
Solana has the fuel. For the future, consistency is more important than enthusiasm. If the support holds and breaks the $90 level, the momentum could extend further.
Final Summary
- Solana’s DEX volume of $15.72 billion confirmed its aggressive liquidity leadership.
- Defending $75 and reclaiming the EMA ribbon on the price charts marked a watershed change for SOL.
