Solana Price Rally Hits Resistance as Tokenized Stock Boom Fades

Solana's price rally faces challenges as tokenized stock activity falters. The SOL crypto price rebounded to $72, but weak network demand signals and thin liquidity kept the upside case under pressure.

The tokenized stock boom lifted sentiment, with traders responding to rising equity-linked assets tied to the artificial intelligence sector. However, decentralized finance data showed mixed strength, with SOL's total value locked dropping 11% over the past month.

DeFiLlama records showed that Base narrowed the gap against Solana, while Kamino recorded a 19% decline and Binance Staked SOL fell 20%. In contrast, xStocks posted 31% growth as tokenized equity products gained traction.

Solana's price signals are split across DEX activity, with decentralized exchange volume falling to $10 billion. The decline matched a downtrend in decentralized application revenue and reduced the support for SOL crypto transaction demand.