Solana News Update: Solana ETFs Drive $180 Surge While DApps Surpass Ethereum, Warning Signs Emerge

Solana's

price has climbed close to $180, fueled by a spike in decentralized application (DApp) earnings and unprecedented investments in Solana-centric exchange-traded funds (ETFs), even as overall market swings and technical signals point to possible short-term pullbacks. The blockchain has surpassed in several important areas, with Solana-based apps versus Ethereum's $1.82 million, according to DeFiLlama. This trend highlights increasing interest from both institutions and individual investors in Solana's ecosystem, despite .

The recent

is partly fueled by $369 million flowing into Solana ETFs since their debut in late October, with Bitwise’s fund , including $223 million from initial investments. brought in $114 million, although on November 3 to $6.78 million by November 10. to Solana’s $90 billion market value and its reputation for fast, low-cost transactions, which continue to attract both developers and users.

However, technical signals urge caution. Solana’s price chart indicates

, which pushed the token from $180 down to $144 in early November. , Relative Strength Index (RSI), and Awesome Oscillator (AO) are still showing bearish trends, with the RSI hovering near 40 and AO at –21. by December is possible if key support levels are breached, according to experts.

At the same time, Solana’s DApp and decentralized exchange (DEX) activity has soared, with

exceeding BSC’s $3.58 billion and Ethereum’s $2.71 billion. Platforms such as Pump.fun, Axiom Pro, and Jupiter have contributed to this expansion, . This surge in revenue could eventually enhance staking rewards and validator profits, potentially setting the stage for a price recovery .

The ETF market presents a mixed picture. While Solana funds have outperformed their

and Ethereum peers— since October—Solana’s rally is happening alongside broader market instability linked to macroeconomic issues and the threat of a U.S. government shutdown. VanEck’s recent application for a Solana spot ETF has further boosted optimism, though before it can reach $180.

In other news,

to offer crypto services within its app, enabling users to trade Solana alongside standard banking features. by financial institutions to integrate crypto with traditional finance, a trend expected to influence digital asset adoption in 2025.