Solana (SOL) Price: Daily Volume Reaches $5.84B Despite 6% Price Correction
TLDR
Solana daily volume reached $5.84B, up 58% despite SOL price dropping 6% in 24 hours
Institutional inflows to Solana products exceeded $400M in the past week
ETFs and ETPs drove significant capital, with REX-Osprey (SSK) bringing in $166.7M
DeFi total value locked reached $11.24B, highest since February 2025
Solana has led other chains in revenue generation for 22 consecutive weeks
Solana has maintained its position as a leading blockchain despite recent price corrections. The cryptocurrency’s price has experienced a 6% decline in the last 24 hours but shows remarkable strength in other metrics. Trading volume has surged to $5.84 billion, representing a 58% increase during the same period.
The blockchain has attracted substantial capital inflows in the past week, exceeding $400 million across various products and bridged assets. This comes at a time when the broader crypto market is in correction mode, with the total market capitalization down by approximately 3.56%.
Capital is flowing into Solana through multiple channels. Institutional products like ETFs and ETPs are driving significant investment. Data from Farside Investors shows that REX-Osprey (SSK) alone contributed $166.7 million in inflows.
The weekly injection of funds reached more than $176 million, bringing the month-to-date total to $199 million. The year-to-date figure has now slightly surpassed $1 billion. Only Bitcoin and Ethereum recorded higher weekly inflows of $2.87 billion and $552 million, respectively.
Solana’s total assets under management have grown to $2.84 billion, reflecting increasing institutional interest in the blockchain.
Bridging Activity Boosts Network Value
Bridging from other networks has brought additional capital to Solana. The Ethereum network contributed the largest share at approximately $126 million, representing 62% of the total $230 million bridged during the period under review.
Arbitrum One (ARB) followed with $56 million, while $20 million exited the Base chain toward Solana. Other networks like Polygon (POL), Avalanche (AVAX), and Sui Network (SUI) each contributed less than $10 million.
Stablecoin minting has also increased on the network. Circle minted more than $1.25 billion USDC, bringing the total on the network to $24 billion. This aligns with the general trend of rising stablecoin supply across multiple blockchains.
The price of SOL traded around $184-197 at the time of writing, having pulled back from the $215 area earlier in the week. Analysts describe this retracement as a healthy reset within a broader uptrend, potentially removing short-term positions and confirming stronger support zones.
The SOL price has maintained stability at this level, which some analysts believe keeps the door open for a move toward the $220-$250 range in the near term.
ETF Developments and DeFi Growth
Reports suggest that up to eight Solana ETFs could be on track for regulatory approval. These products would offer institutional investors a regulated channel to gain exposure to SOL, potentially unlocking fresh liquidity for the token.
Past launches of Bitcoin and Ethereum ETFs expanded market depth and attracted long-term holders. A similar effect on SOL could strengthen the investor base and increase resilience to market fluctuations.
The SOL price rebound triggered more than $30 million in short liquidations over a 24-hour period. The largest single position, worth $1.34 million, was closed near $204. This event reflects how quickly bearish bets can be overturned as momentum shifts in the market.
Technical charts at the time of writing showed support levels at $185 and a deeper demand zone between $176 and $185. Holding above the $185 mark would preserve the broader bullish outlook, especially with ETF developments still in focus.
Data from SolanaFloor showed that the network’s DeFi total value locked climbed to $11.24 billion, its highest level since February 2025. Kamino Finance, Jito Sol, and Jupiter Exchange accounted for more than $9 billion of that figure, underscoring concentrated liquidity in major protocols.
SOL LIQUIDATIONS: Over $30 million in short positions liquidated as $SOL hit $209 in the past 24 hours.
The largest single short liquidation was $1.34 million at $204. pic.twitter.com/IKHCISZvMr
— SolanaFloor (@SolanaFloor) August 14, 2025
Solana-based platforms like Jupiter (JUP), Raydium (RAY), LetsBONKfun, and Pump.fun are the main revenue drivers. Pump.fun reclaimed its lead for the second week with $10 million generated. The total revenue for all dApps was $35 million.
The blockchain has led other chains in revenue generation for 22 consecutive weeks, according to Solana Floor. Tron (TRX), Ethereum, and Bitcoin followed in this metric.
The combination of reduced selling pressure, strong support levels, and increasing on-chain activity suggests the market has multiple drivers for continued momentum in the Solana ecosystem.
The post Solana (SOL) Price: Daily Volume Reaches $5.84B Despite 6% Price Correction appeared first on Blockonomi.
Filed under: Bitcoin - @ August 19, 2025 10:24 am