Solana price exceeded $ 205

The Solana course rose above $ 205, adding 18% in less than two days. Despite subsequent subsidence below the psychological mark, the asset showed better dynamics than Most of the market.

15-minute SOL/USD Binance Exchange. Source: TradingView.

Onchin activity increases Over the last month, the number of transactions on the Solana network has increased by 45%, similarly increased by network commissions. This indicates the activation of users, which supports the price of the asset.

Source: Nansen.

For comparison, the number of transactions dropped by 36%in the BNB Chain network during the same period.

Traders retain caution Data on indefinite futures on SOL indicate moderate optimism. The financing rate was maintained at 12% per annum – the boundary value between neutral and bull moods.

Source: Laevitas.ch.

Reduction of DEX volumes Activity on decentralized exchanges in the Solana ecosystem falls for the third week in a row, according to DEFI LLAMA. In 30 days, the bidding amounted to $ 113.14 billion.

Source: defi llama.

Launched in July ETF on the basis of Solana-Rex-Ossprey Solana Staking Etf-raised $ 161 million. For comparison, Ethereum-ETF spokes showed a $ 5.4 billion revenue record in July in July.

At the time of writing SOL, it is traded at $ 204.59, according to Coingcko. The growth per day is 3.1%, a month – 28.1%. To Ath At $ 293.31, recorded on January 19, there are no about 43%.

The continuation of the rally requires an additional influx of retail and institutional capital. At the same time, the absence of excess credit shoulder can contribute to a smoother growth.

We will remind, on August 13 the price of Solana for the first time since July exceeded $ 200.

The gun