Solana rises 10% as institutional risk appetite returns
- Solana appreciates 10% with Bitcoin boost
- Solana Staking Remains Above 66%
- Pump.fun moves US$1,7 billion on DEXs
After weeks of market consolidation, digital assets are once again showing consistent signs of recovery. With Bitcoin surpassing $122, Solana (SOL) followed suit, rising more than 10% this week, reaching $174,00—its highest level in weeks.
The advance comes amid greater economic optimism, despite the release of a higher-than-expected Consumer Price Index (CPI), which reached 2,7% year-over-year. The slowdown in the Producer Price Index (PPI), which stood at 2,3%, helped ease fears of aggressive monetary tightening by the Federal Reserve, although the market remains attentive to the FOMC meeting scheduled for July 30th.
Beyond the macro environment, current US President Donald Trump has again spoken out about the sector. Through Truth Social, he advocated support for the GENIUS Act and broader legislative proposals on digital assets, including guidelines for stablecoins and a ban on digital currencies issued by the US central bank.
Solana, in turn, has demonstrated solid fundamentals. Daily transaction activity exceeds 100 million, even without counting validator votes. The network's staking maintains a healthy participation rate of 66,43% and a net yield of 7,17%.
Network revenue grew after the May volume drop, and the ecosystem's dApps continue to generate significant fees, particularly decentralized exchanges, token sales, and derivative staking platforms.
Among the week's highlights, pump.fun drew attention with nearly 30 million trades and $1,7 billion in volume on DEXs, 94% of which was concentrated in meme tokens. The platform also completed a token generation event, raising $720 million in a private round and promising to buy back 25% of the issued assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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