Solana’s Jupiter Exchange Hits Record Volume, Fueling Bullish Momentum

Jupiter Exchange, a leading decentralized trading aggregator exclusive to the Solana blockchain, has achieved a historic milestone by setting a new 24-hour trading volume record. This remarkable feat not only solidifies Jupiter's dominance in the decentralized finance (DeFi) space but also highlights Solana's growing appeal among traders and investors. The surge in trading activity underscores a clear shift in market preference toward Solana's ecosystem, driven by its low transaction fees and lightning-fast processing speeds. As of June 28, 2025, this development signals strong bullish momentum for Solana, positioning it as a formidable player in the competitive DeFi landscape. The record-breaking volume on Jupiter Exchange reflects increasing confidence in Solana's infrastructure and its potential to revolutionize decentralized trading. With its scalable and cost-effective platform, Solana continues to attract users seeking efficient and seamless trading experiences. This achievement further cements Solana's reputation as a blockchain of choice for DeFi enthusiasts and marks a significant step forward in its journey toward mainstream adoption.

Jupiter Exchange's Record Volume Surge Signals Bullish Momentum for Solana

Jupiter Exchange, a Solana-exclusive decentralized trading aggregator, has shattered its 24-hour trading volume record, outpacing cross-chain competitors. This milestone not only highlights Jupiter's dominance but also underscores Solana's accelerating traction in decentralized finance.

The surge reflects a decisive shift in trader preference toward Solana's ecosystem, driven by its low fees and rapid transaction speeds. Network data reveals active addresses have hit multi-month highs, reinforcing the blockchain's resurgence as a DeFi powerhouse.

Invesco and Galaxy Digital File for Spot Solana ETF, Eyeing Staking Rewards

Invesco and Galaxy Digital have jointly filed with the SEC for a spot solana ETF, marking the ninth such application under review. The proposed Invesco Galaxy Solana ETF (QSOL) would track SOL's price and list on Cboe BZX Exchange, with Coinbase Custody Trust handling asset storage.

The filing distinguishes itself by incorporating staking mechanisms, allowing the fund to earn yield on its SOL holdings. This move signals growing institutional interest in altcoin exposure following the success of Bitcoin and ethereum ETFs.

Solana emerges as the frontrunner in the next wave of crypto ETFs, with traditional finance firms increasingly viewing digital assets as essential portfolio components. The staking feature reflects maturing product structures that go beyond simple price tracking.

Solana Price Rally Likely as ETF Demand and Usage Climb

Solana (SOL) shows signs of recovery despite a 10% monthly decline, now trading NEAR $140. Institutional interest, rising on-chain activity, and government adoption could propel SOL toward $187 by June's end.

ETF filings from Invesco, Galaxy Digital, VanEck, and others signal strong institutional demand. Polymarket data suggests a 91% chance of spot Solana ETF approval this year, with nearly half predicting July clearance.

The network's evolution from a DeFi platform to broader blockchain infrastructure is attracting capital. Regulatory progress remains the key catalyst for price momentum.

Solana Bulls Dominate as Long/Short Ratio Exceeds 2.8 Across All Timeframes

Solana traders are overwhelmingly bullish, with long positions dominating across all major timeframes. The long/short ratio has surged past 2.8, reflecting strong conviction in SOL's upward trajectory. Over 76% of positions are long, dwarfing shorts by a factor of three.

Developer activity and user growth continue to fuel long-term interest in Solana. Network activity reinforces the bullish case, with transactions hitting an 20-week high of 11.2 million. This fundamental strength aligns with trader positioning, creating a self-reinforcing cycle of optimism.

The consistency of this bias - from 5-minute charts to daily trends - suggests more than speculative fervor. It reveals a market consensus about SOL's underlying value proposition. When ratios remain this elevated across time horizons, it typically precedes sustained price appreciation.