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SOL Solana shows signs of recovery: Decentralized derivatives trading volume surges
Solana (SOL) is a high-performance blockchain developed specifically for decentralized applications and cryptocurrency trading. After months of sluggish market sentiment, the asset is showing signs of potential recovery. Increased activity in the decentralized derivatives sector is helping to increase market confidence in Solana's entire DeFi ecosystem.
Key price levels and trading volumes
The current price of SOL is US$74.61, the 24-hour trading volume is US$1.6 billion, and the total market value reaches US$43.47 billion. The asset has fallen slightly by 1.75% in the past 24 hours. Still, its price movements and increased activity in perpetual contracts have led some analysts to expect a possible shift to bulls in the coming weeks.
Data from Crypto Rank shows that Solana is on track to achieve a monthly closing gain for the first time since September 2025. If this trend continues, July will mark the end of nine consecutive months of decline in SOL, reflecting a shift in long-term investor sentiment.
Since entering July, the price of SOL has increased by more than 3%. Market observers believe this suggests that selling pressure may be weakening. As July progressed, increased buying interest and cautious optimism among traders combined to drive the recovery.
Decentralized derivatives activity surges
Daily trading volume on Solana's Perps has exceeded US$1 billion, highlighting the growing depth and liquidity of the online derivatives market. According to reports, traders are attracted to Solana because of its fast execution speed, sufficient liquidity, and lower costs compared to other blockchains.
The growth in perpetual contract transactions not only demonstrates the increasing activity on the chain, but also highlights Solana's importance as a mainstream DeFi platform focusing on scalable and decentralized applications.
Small Dictionary: Perpetual DEX is a decentralized exchange that specializes in providing perpetual contract trading, allowing users to directly trade derivatives with no expiration date on the blockchain.
Overview of key indicators
SOL price: US$74.61 (Down 1.75% in 24 hours)
24-hour trading volume: US$1.6 billion (high market activity)
24-hour trading volume of Perpetual DEX: US$1 billion (setting a daily trading volume record)
Market value: US$43.47 billion (Top 10 cryptocurrency market capitalisation)
SOL July price changes: +3%(possible monthly closing gain for the first time since September 2025)
Outlook for the Solana ecosystem
Analysts point out that if derivatives trading volume continues to grow, Solana may experience higher network adoption, stronger protocol liquidity, and deeper development of its expanding ecosystem.
Despite these positive signals, SOL prices have not yet fully reversed the downward trend, in part due to overall crypto market caution and the recent decline in Bitcoin prices. The market generally believes that maintaining the upward trend at the end of July is crucial to confirming whether SOL can usher in a comprehensive bullish reversal after a long decline.
The increase in trading volume of decentralized perpetual contracts reflects increased market interest and liquidity. If the current momentum can continue until the end of the month, it will likely push SOL prices upward and benefit the entire platform.
If the recent activity in decentralized sustainable trading can be translated into continued user activity, the ecosystem is expected to attract more traders and capital. Market participants are closely watching whether Solana's recovery momentum can overcome broader market resistance and mark the end of its long-term downward trend.
