The post Solana (SOL) Price: Daily Volume Reaches $5.84B Despite 6% Price Correction appeared on BitcoinEthereumNews.com.
TLDR Solana daily volume reached $5.84B, up 58% despite SOL price dropping 6% in 24 hours Institutional inflows to Solana products exceeded $400M in the past week ETFs and ETPs drove significant capital, with REX-Osprey (SSK) bringing in $166.7M DeFi total value locked reached $11.24B, highest since February 2025 Solana has led other chains in revenue generation for 22 consecutive weeks Solana has maintained its position as a leading blockchain despite recent price corrections. The cryptocurrency’s price has experienced a 6% decline in the last 24 hours but shows remarkable strength in other metrics. Trading volume has surged to $5.84 billion, representing a 58% increase during the same period. The blockchain has attracted substantial capital inflows in the past week, exceeding $400 million across various products and bridged assets. This comes at a time when the broader crypto market is in correction mode, with the total market capitalization down by approximately 3.56%. Capital is flowing into Solana through multiple channels. Institutional products like ETFs and ETPs are driving significant investment. Data from Farside Investors shows that REX-Osprey (SSK) alone contributed $166.7 million in inflows. The weekly injection of funds reached more than $176 million, bringing the month-to-date total to $199 million. The year-to-date figure has now slightly surpassed $1 billion. Only Bitcoin and Ethereum recorded higher weekly inflows of $2.87 billion and $552 million, respectively. Solana’s total assets under management have grown to $2.84 billion, reflecting increasing institutional interest in the blockchain. Solana Price on CoinGecko Bridging Activity Boosts Network Value Bridging from other networks has brought additional capital to Solana. The Ethereum network contributed the largest share at approximately $126 million, representing 62% of the total $230 million bridged during the period under review. Arbitrum One (ARB) followed with $56 million, while $20 million exited the Base chain toward…