According to a new weekly update from CoinMarketCap, Solana faced a turbulent week shaped by geopolitical tensions, major liquidations, and fresh ecosystem developments.
The token fell to $127, its lowest level since April, before rebounding to $146 following a ceasefire announcement. Despite the recovery, SOL closed the week down 3%, and its total value locked (TVL) slipped below $10 billion.
Market-wide, over $1 billion in crypto liquidations were triggered by Middle East conflict fears, with Bitcoin dropping below $100,000 before recovering. While Solana’s market cap declined by 4%, its trading volume rose 12%, highlighting increased on-chain activity.
CoinMarketCap also noted that Solana’s perpetual DEX volume surged, outperforming centralized exchanges with 96% higher liquidation activity. In the stablecoin space, Fiserv is set to launch FIUSD, a Solana-based digital dollar aimed at banks and merchants, backed by recent regulatory clarity.
The report highlighted key ecosystem updates, including Jupiter DAO pausing governance through 2025 to focus on core development, and the launch of DFDVx, the first tokenized U.S. stock on Solana, by Kraken and DeFi Dev Corp. In hardware news, Grass debuted Grasshopper, its first dedicated Solana-compatible device.
While Solana endured macro-driven headwinds, CoinMarketCap’s breakdown suggests strong DeFi and infrastructure momentum continues to support the ecosystem’s long-term positioning.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/solana-rebounds-after-1b-liquidation-shock-ecosystem-expands/