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Solana Surges Past Ethereum in Developer Growth, Payments, and DeFi, Says 21Shares

  • Solana's weekly decentralized exchange volume reached $35.6 billion in May 2025, marking its strongest performance in more than two months.
  • This growth follows a prolonged slowdown and benefits from rising investor confidence amid a broader crypto market rally.
  • Supporting the surge, Solana's total value locked increased 58% to roughly $22.1 billion, and its SOL token price rose over 40% to hit around $178.
  • On-Chain metrics reveal that over the past two weeks, wallets containing at least 0.1 SOL increased to 11.04 million, indicating heightened adoption and engagement within the network.
  • These trends indicate a strong recovery for Solana's ecosystem with prospects of further price gains, though some analysts expect potential short-term pullbacks.
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coinsurges.com broke the news in on Monday, May 12, 2025.
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