🟣Solana (SOL) has shown a strong performance in the first ten days of May, rising from $147 to $183 amid the broader crypto market rally. Network activity is increasing: trading volumes on DeFi platforms like Raydium and Jito have surged by over 40%, and fee revenue has reached $43.3 million — surpassing Ethereum. Over 65% of all SOL is staked, limiting supply and supporting the price.
🟣However, the outlook isn’t entirely bullish. Some analysts, including CryptoBullet, warn of potential technical weakness in SOL compared to Ethereum. With neutral derivative indicators and persistent volatility, Solana’s further trajectory will depend on major catalysts — from ETF developments to renewed institutional interest.