"Solana Market Cap Hits $100 Billion Milestone as $200 Target Looms" 언블록 미디어

2025-07-21 23:30

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"Solana Market Cap Hits $100 Billion Milestone as $200 Target Looms"

출처: Block Media

Solana (SOL) Hits $100 Billion Market Cap as DeFi Growth and Investment Momentum Accelerate

Solana (SOL) has achieved a market capitalization of $100 billion (approximately 138.57 trillion KRW), bolstered by increasing adoption, rising trading volumes, institutional investments, and strengthening decentralized finance (DeFi) metrics. The digital asset surged by 6% in the past 24 hours, reflecting strong investor confidence and ecosystem expansion.

DeFi Metrics Rocket: Solana's Total Value Locked Hits $10.2 Billion

As reported on November 21, Solana's DeFi ecosystem reached a new six-month high, with its Total Value Locked (TVL) climbing to $10.26 billion (approximately 14.22 trillion KRW), according to data from CoinPedia. Much of this growth is attributed to SOL's robust price rally. Among major contributors to the TVL:

Lido: $3.09 billion (approximately 4.28 trillion KRW),
Jupiter Exchange: $2.9 billion (approximately 4.02 trillion KRW),
Camino Finance: $2.89 billion (approximately 4.01 trillion KRW).

In addition, Solscan data highlights significant blockchain-to-Solana capital inflows totaling $180 million (approximately 249.4 billion KRW) in the past week. A notable $90 million (approximately 124.7 billion KRW) originated from Ethereum (ETH), marking a 44% week-over-week increase. These inflows underscore growing investor interest and the migration of liquidity toward the Solana ecosystem.

The crypto market’s broader volatility further emphasizes the importance of decentralized trading platforms. Solana-based perpetual futures platforms have reportedly surpassed centralized exchanges in liquidation activity, illustrating a shift in user preference for decentralized finance.

Retail and Short Momentum Propel SOL Toward $200

Within the last 24 hours, Solana witnessed short liquidations exceeding $11 million (approximately 15.3 billion KRW), with a single notable liquidation at $188 for $1.13 million (approximately 1.6 billion KRW). At the time of writing, SOL is trading at $191, signaling strong short-term bullish momentum.

Retail participation in Solana futures has also surged. Open interest increased dramatically from $7.1 billion (approximately 9.85 trillion KRW) to $9.5 billion (approximately 13.18 trillion KRW), alongside a remarkable 60% leap in trading volume to $26.3 billion (approximately 36.48 trillion KRW). Analysts project that continued short liquidations paired with intense retail engagement could push SOL past the psychological $200 level in the near term.

Institutional Investment and Revenue Leadership on the Rise

The institutional embrace of Solana continues to gain traction. A recent CoinShares report confirms that Solana-centric investment vehicles like ETFs, funds, and ETPs attracted $39.1 million (approximately 54.2 billion KRW) in inflows last week. While Bitcoin (BTC) led inflows at $2.19 billion (approximately 3.03 trillion KRW), Solana outperformed other altcoins, further cementing its status as a market frontrunner.

Additionally, Solana has maintained its dominance as the top Layer 1 and Layer 2 blockchain in network revenue for 17 consecutive weeks—an indicator of its expanding ecosystem, consistent on-chain activity, and increasing adoption.

Resistance Levels and Analysts Eye Breakthrough Beyond $189

Trading at $190.80, Solana has climbed 5.7% in the past 24 hours, rapidly approaching a key resistance zone. Prominent on-chain analyst Ali Martinez indicates that a breakout past the $189 threshold could unlock extended bullish momentum.

Glassnode-backed data corroborates this analysis, pointing out that approximately eight million SOL were purchased around the $190 price level, marking it as a significant short-term resistance zone. However, with sustained demand across the ecosystem, selling pressure may diminish, potentially enabling a rapid upward trajectory for SOL.

Takeaway: Solana Strengthens Its Position as a Crypto Market Leader

Solana continues to demonstrate robust growth fueled by its expanding DeFi ecosystem, soaring institutional inflows, and widespread retail participation. The confluence of on-chain metrics, price rally, and increasing adoption positions SOL as one of the most attractive crypto assets, with the potential to break new resistance levels and set higher benchmarks in the market. Market watchers remain optimistic as Solana inches closer to the highly anticipated $200 milestone.

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