Solanas market cap surpasses $100b for the first time in the second half of 2025

Solanas rise in market cap is fueled by the price gains of its token. In the past few weeks, SOL has been on a rally, soaring by 25.7% in the two weeks and 34.8% in the past month. In the past 24 hours, SOL has gone up by 6.7%.

It is currently trading hands at $191.29. The last time SOL reached above $190 was back in early February this year.

One of the main drivers of Solanas high market cap surge is the newly launched REX-Osprey SOL + Staking ETF that has neared $100 million in assets and offers rare staking rewards, institutional interest is heating up.

As previously reported by crypto.news, REX-Osprey SOL + Staking ETF has had inflows every week since its launch, and held up to $99.7 million in assets.

Another key driver is the institutional demand for SOL that has been ramping up with more companies like SOL Strategy, DeFi Development Corp and other firms that have started accumulating SOL as part of staking and treasury strategies.