Solana Price Prediction as SOL Loses DEX Dominance and DeFi TVL Sheds 18M
Highlights
- Solana price is up by 5% today as open interest also soared to the highest level since March.
- The rise comes despite Ethereum overtaking Solana in monthly DEX volumes for the first time since August 2025.
- A bullish pattern suggests SOL price may break $100 if buying pressure remains strong.
Solana (SOL) has not gone past the $100 milestone since February 3, 2026. Bitcoin has crossed the $80,000 milestone, and even Ethereum is doing a good job above $2,000, but this does not mean that Solana price is stuck.
SOL DEX Volumes Drop as TVL Sheds 18M Tokens
Data from DeFiLlama shows that Solana has been usurped by Ethereum in monthly DEX numbers. In April, Solana had $42 billion in DEX, versus $44 billion on Ethereum.
Solana lost this top position in April 2026 and could lose it again. As of May Solana’s DEX is $12.20 billion versus Ethereum’s $12.05 billion.
The DeFi TVL also fell from 81 million SOL to 63 million tokens. 18 million SOL tokens have been unlocked from Solana-based DeFi.
The declining DEX volumes and TVL likely put downward pressure on SOL because more tokens are available for trading. And because of the poor conditions in the market right now, a lot of supply and low demand mean the price will stall.
But all hope is not lost for bulls because outside the DeFi space, Solana is working with Bullish for tokenization. It is also working with Western Union to get a stablecoin.
Solana might be losing its grip on DeFi, but it is also evolving to new areas like tokenization and stablecoins. This might be the next catalyst that not only brings it above $100, but also to record highs.
Even the OI suggests that many expect that Solana price is going up because it reached $1.89 billion per Coinglass. This is the highest that it has been since March, and it shows there is a lot of prediction about where the price is headed.
Bull Pattern Hints Solana Might Hit $100
A bull pattern suggests Solana could reach $100 after breaking the $93 resistance. The flag pole measures 6.59%.
The $93 resistance must be breached for Solana price to reach $100. This is not a long-term Solana price prediction because it is based on the hourly timeframe and reflects short-term moves.
The RSI reading of 66 confirms bulls have a good grip. The reading also dropped overbought, and there is now more room for those who want to buy.
The Bollinger bands are squeezing the price. Per the bull pattern, the breakout will likely happen in favor of bulls.
The Alpenglow upgrade also increases the chances of Solana gaining. Solana founder Anatoly Yakovenko said it will happen in Q3.
Therefore, Solana price might be getting out of its weak state, and the confirmation needed is a move past $100. Once this happens, there is no telling how high SOL will go.
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Frequently Asked Questions (FAQs)
1. Why is Solana price up today?
2. How will falling DEX volumes and DeFi TVL affect Solana price?
3. Can Solana price break $100?
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