Site icon Crypto News Focus

Solana Price Strengthens as DeFi Development Corp Buys $22M in SOL

SOLANA IMAGE ON BLACK BACKGROUND

Solana’s price outlook has turned increasingly positive following a fresh $22 million investment by DeFi Development Corp. (DFDV). The purchase underscores rising institutional confidence in the blockchain, even as the network hits new technical milestones and maintains dominance in decentralized exchange (DEX) activity.

DFDV Expands Its Solana Treasury

DFDV acquired 110,000 SOL at an average price of $201.68, boosting its total Solana holdings to about 1.42 million tokens worth $273 million. This investment raised the firm’s SOL-per-share exposure by 9%, demonstrating its impact on shareholder value.

As the first public company to adopt a treasury strategy centered around Solana, DFDV has committed to holding these tokens long term. The assets will also be staked with validators, including those managed by the firm itself, to generate yield for investors.

Solana Network Speed and Upcoming Upgrades

The investment comes as Solana continues to set performance records. In a recent stress test, the blockchain hit an unprecedented 107,540 transactions per second (TPS), marking the first time a major chain reached such throughput. While most of these were simple “noop” calls, developers estimate the network could realistically handle 80,000 TPS in real-world scenarios.

Currently, Solana processes around 1,000 TPS, but an upcoming upgrade known as Alpenglow aims to reduce block confirmation times from 12.8 seconds to just 100 milliseconds—further enhancing efficiency.

DEX Volumes Surpass Ethereum Again

Beyond speed, Solana is also leading in user activity. In July alone, Solana DEXs recorded $124.2 billion in trading volume, significantly ahead of Ethereum’s $87.1 billion. This marked the tenth consecutive month Solana outperformed Ethereum in DEX transactions.

The blockchain also processed 35 million transactions in a single day, surpassing activity levels seen on several major stock exchanges, positioning Solana as a growing rival to traditional finance.

Price Outlook and Resistance Levels

At the time of writing, Solana is trading near $181, recovering after dipping below $187 over the weekend. Despite still being down 38% from its January peak of $293, analysts highlight a bullish setup.

If Solana breaks above $188, the next resistance levels are expected at $196.11 and $204. With institutional demand growing, technical upgrades approaching, and user activity thriving, Solana’s long-term trajectory appears increasingly optimistic.

ALSO READ;Pi Network Price Set for Major Rally as Bullish Signs Strengthen

DISCLAIMER:
The views and opinions expressed herein are solely those of the author  and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.

Exit mobile version