Altcoins News

Story: Solana Surges 20% as On-Chain Metrics Signal Strong Recovery

By Julie Binoche

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Solana has staged a remarkable comeback this week, with its native token SOL climbing more than 20% to trade around the $130 mark.

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The recent price movement appears to be backed by more than just hype. A deeper dive into Solana’s on-chain activity and technical indicators shows a notable shift in momentum.

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This milestone has surprised many in the crypto community, especially given Ethereum’s long-standing dominance in decentralized finance.

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Just a few weeks ago, the outlook was quite different. Solana closed the first quarter of 2025 with a more than 30% loss in market value, underperforming several major…

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However, that sentiment may be starting to shift. New data shows Solana’s Total Value Locked (TVL) in DeFi protocols has reached a new April peak of $8.

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This ongoing accumulation marks the longest stretch of sustained buying activity in over six months.

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This divergence raises an important point: while Solana’s internal structure is strengthening, it may take another catalyst to fuel the kind of widespread retail interest needed…

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So, what’s next for Solana? The network’s performance this week provides a strong foundation, but sustaining this momentum will require broader adoption and continuous on-chain…

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For HODLers who held through the tough times—when FUD, market sell-offs, and sharp declines dominated the narrative—this moment feels like a long-awaited turning point.

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