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.