Solana（Sol）价格在五天内集会25％，增长的Defi生态系统提示更多上升

Solana（Sol）价格在短短五天内就涨到了近25％，从5月6日的147美元上升到5月10日的183美元​​。拉力赛紧随比特币的突破超过$ 100,000

Key Insights

关键见解

* Solana (SOL) price has rallied nearly 25% in just five days, rising from $147 on May 6 to $183 by May 10. The rally followed Bitcoin’s breakout above $100,000 and helped fuel altcoin market momentum.

* Solana（Sol）的价格在短短五天内就增加了近25％，从5月6日的147美元上升到5月10日的183美元​​。拉力赛之后比特币的突破突破超过100,000美元，并帮助助长了Altcoin市场势头。

* While SOL has since hovered near the $180 mark, growing on-chain activity and derivatives data hint at more upside ahead.

*虽然SOL徘徊在$ 180大关之后，但在链上活动和衍生品数据的增长提示提示。

* But not everyone remains bullish. Analysts like CryptoBullet warn that Ethereum may soon outperform Solana based on key technical breakdowns in the SOL/ETH pair.

*但不是每个人仍然看好。像Cryptobullet这样的分析师警告说，以太坊可能很快根据SOL/ETH对中的关键技术细分胜过Solana。

* Solana’s DeFi ecosystem now surpasses the combined TVL of Arbitrum, Base, and Avalanche, according to the latest data from DefiLlama.

*根据Defillama的最新数据，Solana的Defi生态系统现在超过了仲裁，基础和雪崩的组合。

* At present, Solana’s ecosystem holds $10.9 billion in locked value.

*目前，Solana的生态系统持有109亿美元的锁定价值。

* Raydium DEX saw a 78% increase in TVL over 30 days, while Jito's liquid staking solution posted a 41% gain.

* Raydium Dex在30天内的TVL增长了78％，而Jito的Liquid Staking解决方案的增长率为41％。

* Another staking platform, Marinade Finance, saw a 56% rise in TVL. These developments point to expanding user engagement across SOL’s decentralized finance (DeFi) sector.

*另一个Staking平台Marinade Finance的TVL增长了56％。这些发展指出，在SOL的分散财务（DEFI）领域扩大用户参与度。

* In other news, Solana generated $43.3 million in base layer fees over the past 30 days, trailing only Tron’s $51.9 million and beating Ethereum's $24.9 million.

*在其他新闻中，Solana在过去30天内产生了4,330万美元的基本层费用，仅落后于Tron的5190万美元，击败了以太坊的2490万美元。

Solana’s DApps revenue and chain fees are also approaching their three-month highs. This trend adds demand for SOL, the native token, as users need it to pay for transactions and interact with apps. Meanwhile, over 65% of the SOL supply remains staked, limiting available supply on the open market and setting a bullish tone for the token. The combined effect of higher DApp revenue and locked token supply has set a bullish tone for SOL.

Solana的DAPP收入和连锁费也接近了三个月的高点。这种趋势增加了对Sol的需求，即用户需要支付交易并与应用程序进行交互的需求。同时，超过65％的SOL供应量仍固定，限制了公开市场上的可用供应，并为代币设定了看涨的基调。较高的DAPP收入和锁定令牌供应的综合效果为SOL创造了看涨的基调。

Solana’s perpetual futures funding rate stands at 8%, falling within the neutral range of 5%–10%, according to Laevitas. A positive funding rate indicates traders are leaning long, but the modest percentage suggests restrained optimism.

根据Laevitas的数据，Solana的永久期货融资率为8％，中立范围在5％–10％的范围内。正面的融资率表明贸易商倾向很长，但是不小的百分比表明了束缚的乐观情绪。

At present, SOL still trades about 40% below its January 2025 high of $295. With no clear breakout catalyst, bulls remain cautious. However, sentiment could shift quickly if narratives like a potential Solana spot ETF approval or integration into state-level digital asset reserves gain traction. Tokenization of traditional assets on Solana is another area that could bring institutional interest.

目前，SOL仍低于其2025年1月高点295美元的交易。没有明确的突破性催化剂，公牛仍然谨慎。但是，如果诸如潜在的Solana Spot ETF批准或集成到州级数字资产储备的增益牵引力之类的叙述，情绪可能会迅速转移。在索拉纳（Solana）上进行传统资产的象征化是另一个可以带来机构利益的领域。

Analyst Warns Ethereum Will ‘Crush’ Solana Price Soon

分析师警告以太坊很快就会“粉碎”索拉纳价格

Not all market observers are convinced that SOL will lead the next leg of the altcoin cycle. In a May 10 post, trader CryptoBullet flagged a possible breakdown in the SOL/ETH weekly chart.

并非所有的市场观察者都坚信SOL将领导Altcoin周期的下一个工作。在5月10日的帖子中，Trader Cryptobullet在SOL/ETH每周图表中标记了可能的故障。

“People ask me why I think $SOL will underperform for the rest of the year. Just look at this chart $SOL/ETH 1W… In the next few months, #Ethereum will crush #Solana.”

“人们问我为什么我认为$ sol在今年剩余的时间里都会表现不佳。只要看这张图表$ sol/eth 1W…在接下来的几个月中，#Ethereum会粉碎#Solana。”

He noted that the pair appears to be breaking down from a rising wedge—a pattern often viewed as bearish. If Ethereum starts outperforming SOL, it could shift capital flows back toward ETH, especially if Ethereum’s ETF narrative continues to gain steam.

他指出，这对夫妇似乎正在从上升的楔子中崩溃，这种模式通常被视为看跌。如果以太坊开始优于SOL，它可能会将资本流向ETH，尤其是如果以太坊的ETF叙述继续获得动力。

Solana continues to post strong on-chain fundamentals, from DApp revenue to staking and TVL growth. However, it faces competitive pressure from Ethereum as macro and technical factors converge.

索拉纳（Solana）继续发布强大的链基本面，从DAPP收入到Stating and TVL增长。但是，随着宏观和技术因素融合，它面临着以太坊的竞争压力。

SOL’s attempt to reclaim the $200 level may succeed in the short term. However, the broader question remains: Can Solana maintain its momentum if Ethereum reclaims the spotlight?

索尔（Sol）试图在短期内取得200美元的恢复水平。但是，更广泛的问题仍然存在：如果以太坊恢复了人们的关注，Solana能否维持其动力？

The network’s metrics paint a bullish picture, but traders are watching the SOL/ETH pair closely for what comes next.

该网络的指标描绘了看涨的图片，但交易者正在密切关注Sol/Eth对下一步。