Solana leads Altcoin Season Rally, powers beyond $ 200

Solana (SOL) has recovered the $ 200 marking after falling to around $ 155 at the end of July, after the renewed interest in the market in the midst of the current Altcoin seal rally.

According to CryptoSlate’s Data, the digital asset rose by more than 14% in the last 24 hours from $ 175 to as high as $ 202 from the moment of press.

The rally pushed the market capitalization of the network above $ 100 billion, indicating the renewed investor confidence that it had drawn digital actively.

Market sentiments on Solana remain largely bullish, with crypto gamblers on polymarket who expect further price increases.

According to that of the platform factsAbout 84% of the participants expect Sol $ 210 to reach, while 43% believe that Token could set a new all time before the end of 2025.

Defi TVL rises

In the meantime, Solana’s decentralized financial ecosystem also experiences considerable growth.

Data from Defillama shows that the total value locked (TVL) in Sol terms reaches more than 58 million tokens this week, which marks the highest level in more than three years.

Moreover, the dollar value of assets that have been locked on the network has been reached more than $ 11 billion for the second time this year, a milestone was last reached in January.

At the same time, Solana’s decentralized Exchange (DEX) activity has also retained its lead on Ethereum for ten consecutive months.

Solana Treasury Companies

In addition to the current market trends, the institutional activity seems to support the profit of Solana.

At the end of July, Coentecko reported That Upexi, Inc. has emerged as the largest listed holder of Solana, with 1.9 million Sol taken over at an average price of $ 168.63. These companies are currently appreciated at $ 319.5 million.

Close behind him, Defi Developments Corp, which has 1.18 million Sol, bought with an average of $ 137.07, now worth $ 198.9 million. This reflects a non -realized profit of around $ 36.8 million.

In addition, Toronto has SOL strategies 392,667 SOL, purchased with an average of $ 158.12, which represents an unionized profit of around $ 3.9 million. Torrent Capital, while retaining a smaller position of 40,039 Sol acquired at $ 161.84, is also in win with around $ 200,000.

In total, these four companies jointly check over 3.5 million SOL, with a combined market value of more than $ 591 million.

This represents approximately 0.65% of the circulating offer, which underlines the growing appetite among listed companies for exposure to Solana and emphasizing an increasing institutional confidence in the long -term potential of the assets.

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