Solana's price has risen 36% from its recent lows during the crypto market crash, now sitting at around 57% below its all-time high. Recent data indicates an increase in deposits on the Solana network, particularly in decentralized applications (DApps). Solana has established itself as the second-largest blockchain by total value locked (TVL), currently at $6.9 billion, ahead of competitors like Tron and Base. Key metrics include a 30% increase in deposits on Sanctum and a 20% rise in Jito and Jupiter during the past week. Notably, Solana has reclaimed the top position in decentralized exchange (DEX) volume, surpassing Ethereum layer-2 solutions, with DApp trading reaching $15.8 billion. While some analysts are optimistic about a potential approval of a Solana ETF in the U.S., the current outlook lacks substantial catalysts to drive the price to $180, especially amidst limited interest from institutional investors. Without significant external factors, the isolated growth in TVL and DEX activity may not be sufficient to elevate SOL's price significantly in the broader market context.

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