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Here’s What to Expect from Solana as June Comes to a Close

  • Solana shows signs of a potential breakout with institutional momentum, on-chain volumes, and public sector interest aligning.
  • Notable developments include the wave of spot ETF filings for SOL by investment giants like Invesco Galaxy and VanEck, increasing odds of approval.
  • Solana dominates decentralized exchange activity surpassing Ethereum in 30-day DEX volume, recording $64 billion in trades, showing strong user interest.
  • Wyoming's state government is adopting Solana blockchain for a stablecoin initiative, while SOL struggles to break through key resistance levels, aiming for $187 if institutional demand rises.

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