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Solana (SOL) Surges 5% on Heavy Volume and Strengthening DeFi Metrics

Institutional investors appear to be flocking to SOL as DeFi metrics show remarkable growth, creating a strong technical foundation for further gains.

Updated May 14, 2025, 3:43 p.m. Published May 14, 2025, 2:26 p.m.

Solana (SOL) jumps 5% in 24 hours, climbing from $172.53 to $181.39 amid strong volume support and growing DeFi metrics.
Geopolitical tensions and trade disputes between major economies create market volatility, with investors seeking refuge in select cryptocurrencies.
Solana's DeFi ecosystem shows remarkable growth with total value locked increasing from $7.5 billion to $9.6 billion in May, driving investor confidence.

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When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.

What to know:

Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.