Solana’s Open Interest Surges Above $16 Billion, Fueling Price Target of $250

Solana’s bullish momentum continues to drive its price higher, with futures open interest exceeding $16.6 billion and the perpetual funding rates remaining stable. This surge reflects a mix of spot-driven buying and increased institutional interest in the ecosystem. Analysts point to DeFi expansion and investments from Galaxy Digital and Forward Industries as key drivers behind this rapid growth. 2025 has already seen a significant rise for Solana (SOL), gaining 17% within the past week, placing it amongst the top performers in the crypto landscape. This upward trend signals potential breakthroughs towards the $300 mark.