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Image Credit: Bitcoinist

Solana DeFi Growing, Daily Users Approaching 7 Million: Will SOL Crack $200?

  • Solana, with a market cap of over $81 billion, has struggled for momentum despite a rising crypto market.
  • SOL price retraced about 3% over the previous 24 hours while other cryptocurrencies like Bitcoin and Ethereum rose.
  • Solana's ecosystem is growing, with nearly 7 million daily active users and a thriving DeFi ecosystem.
  • Solana could benefit from institutional support, with Robinhood offering SOL and VanEck launching an ETN in Europe.

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