Solana surges $220, DeFi surpasses CeFi to redefine cryptocurrency trading
Source: CoinWorld
Time: 2025-09-10 22:18:22
Solana’s price soared to more than $220, triggering short liquidations of more than $17 million, of which decentralized platforms such as Drift Protocol had a short liquidation of $37.4 million, nearly 80% higher than centralized exchanges. Adoption of institutional investors is accelerating, with a Nasdaq-listed company holding $95 million in Solana tokens while a Solana-staking ETF pushing Chicago Mercantile Exchange (CME) futures open contracts to $1.5 billion. Analysts expect Solana’s target price will reach $350, supported by growing dominance on-chain trading and bullish sentiment.