Solana is back in the spotlight, overtaking Ethereum and Binance Smart Chain ( BNB ) in pure transaction volume. According to CryptoRank, the Solana blockchain has processed $28.07 billion in transactions over the past 30 days, second only to Tether (USDT) , which has recorded nearly $300 billion in transactions over the same period.

Solana has seen $4.72 billion in capital inflows in the last week alone, according to Glassnode. This brings its total active capital to $9.46 billion, the highest since March 2025.

This suggests that investor confidence is returning. Historically, such capital infusions tend to precede broad growth cycles.

From a technical perspective, Solana’s price action also supports the bullish sentiment. Chart analyst AMCryptoAlex noted that Solana broke out of a falling wedge, a classic reversal pattern.

This breakout, supported by strong volume and momentum, suggests that the downtrend may be over. Currently trading around $147.59, Solana is eyeing short-term price targets in the $170-$180 range. If the bullish sentiment continues, new highs could be set as early as Q3.

Solana's market cap is currently $76.4 billion, with a circulating supply of 520 million SOL.