Solana's price has been hovering around the $90 resistance zone, a level that has consistently rejected buyers since February. Despite this, the token has seen a significant increase in its 24-hour trading volume, jumping 35% to $5.3 billion.
This surge in trading volume is accompanied by inflows of $50 million into Solana ETFs over the past eight days, with total assets under management reaching $863 million. However, the token's DeFi footprint remains relatively small compared to Ethereum, with Kamino holding only $2 billion in total value locked.