Things are getting interesting for Solana [SOL]. Tokenized stock trading on the network is heating up, and ETFs are also in the green. But does any of this actually matter for SOLs price？
Lets take a look.
VIDAs on-chain volume on Solana races ahead
Over the past seven days, VIDAx recorded on-chain trading volume equal to roughly 1,258% of its volume on traditional stock exchanges. Its on-chain volume was roughly 12.6x its traditional-market volume.
Its clear where traders are deliberately choosing to be.
Source: XStocks
While VIDAx is the standout example here, it is not the only tokenized equity with breakout activity.
Ultimately for Solana, this is another use-case beyond crypto trading itself.
ETFs in green pastures
SOL spot ETFs also finished the latest session in the green; there was almost $837Kin net inflows. It is not a huge number on its own, if compared with the stronger days it has seen and other tokens better inflows.
Source: SoSoValue
This matters because demand is coming in from two sides at once.
But this does not mean that SOL is ready for a breakout! What it does is make a case for the bulls.
Solana price keeps the story interesting
At the time of writing, Solana price was close to the $102mark. This is a recovery from the high-$90s, accompanied by a near neutral RSI. Pace is healthy, with not as much overheating.
Source: TradingView
The catch is the MACD. It is still below its signal line, so recovery hasnt turned into upside yet.
Simply put, SOL is holding up, but its not quite there yet.
If price can stay above $100 and push through, we could be seeing new highs. But if things go south, these positives may remain a sideplot.
Discover more
Business Operations
Merchant Services & Payment Systems
Brokerages & Day Trading
Final Summary
- VIDAx trading volume on Solana reached about 12.6x its traditional-market volume.
- SOL is holding near $102; were in the earlier days of the bullish case.