In a volatile week, Solana experienced significant trading activity as onchain SOL perps saw $31 million in liquidations, surpassing centralized exchange (CEX) volumes for two consecutive days. This surge coincided with a fragile ceasefire between Iran and Israel, brokered by US President Donald Trump, which seemed to stabilize global markets. Despite the risk-on sentiment, Solana's validator revenue and net staking yields remained steady at 7.23%, indicating confidence in passive yield strategies. With liquid staking tokens increasing, capital appears to be reallocating within the crypto space rather than exiting it altogether, as liquidity stayed onchain and stablecoin volumes surged. Bitcoin, meanwhile, had a recent price retracement but stabilized after the ceasefire. Overall, Solana's fundamentals are diverging positively, showing a continued strong developer activity and network revenue leadership. Capital seems to prefer Solana amidst ongoing macroeconomic uncertainties, suggesting a structural rebound may be on the horizon.

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