Solana’s Price Climbs Above $97 Barrier, DeFi TVL Reaches Record High

Solana (SOL) has shown resilience in recent weeks, bouncing back from a downturn to reclaim key support levels above the $147 mark. This upward trend is reflected in its price action and growing DeFi activity. The token’s market momentum is being fueled by increased on-chain capital inflows, pushing Total Value Locked (TVL) for Solana-based DeFi protocols to near $14 billion in 2025. This surge in TVL has been accompanied by a strong rally in SOL prices, pushing the token towards new highs and challenging resistance at $288.51. Analysts highlight this key level as a potential breakout point.