Solana has just surpassed a market capitalization of 100 billion USD, while its DeFi ecosystem has reached a record TVL of 10.26 billion USD.
Strong buying demand in the derivatives market and capital inflows into Solana products continue to maintain growth momentum, attracting the attention of individual and institutional investors amid signs of Bitcoin's market cap shifting towards top altcoins.
- Solana re-achieves 100 billion USD market capitalization thanks to momentum from SOL price and capital inflows into DeFi.
- The DeFi ecosystem on Solana has grown strongly with TVL reaching 10.26 billion USD in the past nearly 6 months.
- Derivatives trading volume and short position liquidation on SOL have increased, pushing SOL price towards the 200 USD threshold.
How much TVL has Solana reached and what is driving this growth?
By mid-2025, the TVL of Solana's DeFi ecosystem had increased to 10.26 billion USD – its highest level in 23 weeks, largely due to a strong price increase of SOL.
Leading DeFi protocols on Solana include Jito Sol with a TVL of 3.09 billion USD, Jupiter Exchange at 2.90 billion USD, and Kamino Finance at 2.89 billion USD (Source: SolanaFloor, July 2025). This demonstrates strong investment attraction to projects in the ecosystem, as many investors and liquidity flows shift from Ethereum to Solana.
Solana DeFi TVL first exceeded 10 billion USD in nearly 6 months, showing sustainable ecosystem growth and increasing investor community trust.
– SolanaFloor, on-chain data tracking platform, July 2025
Why have capital inflows into Solana increased dramatically in the past week?
Data shows over 180 million USD transferred to Solana, with about 90 million USD coming from Ethereum, a 44% increase from the previous week. This capital flow marks a increasingly clear investment trend shifting towards the Solana ecosystem.
Additionally, Solana-based derivatives platforms recorded higher on-chain position liquidations than the total centralized exchanges, demonstrating changes in trading behavior and growing trader numbers.
How do individual investor interest and short position liquidation affect SOL price?
In the past 24 hours, over 11 million USD of SOL short positions were liquidated as SOL price rose to 191 USD. The largest liquidation of 1.13 million USD at 188 USD shows the rapid reversal of market sentiment.
Moreover, the open value of SOL futures contracts increased from 7.1 billion USD to 9.5 billion USD, with trading volume rising 80% to over 20 billion USD, indicating strong participation by individual investors, likely pushing SOL price above the psychological 200 USD threshold.
When SOL price crosses 189 USD, there are few strong resistances above, creating conditions for rapid SOL price increase, supported by buying volume of nearly 8 million SOL in this price range.
– Ali Martinez, cryptocurrency analyst, July 2025
Why does Solana continue to attract attention due to strong capital flow and network revenue?
A CoinShares report in July 2025 shows that Solana-based digital asset products like ETFs, funds, and ETPs continue to attract 39.1 million USD of new capital inflow in the recent week, ranking second after Bitcoin (2.19 billion USD).
Solana leading network revenue for 17 consecutive weeks demonstrates stable and efficient on-chain activity, proving long-term attraction from institutional investors and the community.
| Criteria | Solana | Bitcoin | Ethereum |
|---|---|---|---|
| Market Capitalization | 100 billion USD | 1.2 trillion USD | 550 billion USD |
| DeFi TVL | 10.26 billion USD | No DeFi | 45 billion USD |
| Recent Week Capital Flow (ETF, funds) | 39.1 million USD | 2.19 billion USD | 500 million USD |
| Weeks Leading Network Revenue | 17 consecutive weeks | Not applicable | Not continuous |
Frequently Asked Questions
What is Solana's recent market capitalization?
Solana has just crossed the 100 billion USD market capitalization threshold, marking an important valuation for SOL in July 2025.
What is Solana's current DeFi TVL?
DeFi TVL on Solana reached 10.26 billion USD, its highest in nearly 6 months, thanks to SOL's price increase and capital inflows into DeFi protocols.
Why has SOL price been trending strongly recently?
Due to large short position liquidations along with a significant increase in trading volume and futures position openings, helping SOL price rise quickly and potentially exceed 200 USD.
Which DeFi protocols lead on Solana?
Jito Sol, Jupiter Exchange, and Kamino Finance are the three DeFi protocols with the highest TVL, at 3.09 billion USD, 2.90 billion USD, and 2.89 billion USD respectively.
How do ETF and fund capital inflows into Solana compare to Bitcoin?
In the past week, capital inflows into Solana-based products reached 39.1 million USD, while Bitcoin led with 2.19 billion USD.
