Solana DeFi held a tokenized stock position of US$75.4 million, and the sword pointed to a breakthro

Solana stabilized around $95, with tokenized stock DeFi deposits leading

Solana (SOL) stabilized around $95 after recently recovering from a low of about $60, thanks to a dual recovery in price movements and online activity. The latest industry data shows that Solana leads the way in tokenized stock deposits in the decentralized finance (DeFi) space, highlighting its increasingly important role in the real-world asset (RWA) market.

Solana dominates the tokenized stock DeFi market

According to Token Terminal data, Solana currently holds US$75.4 million in tokenized stock DeFi deposits, accounting for 64.5% of the market segment tracked by the analytics platform. This puts Solana ahead of other mainstream blockchains such as Ethereum, BNB Chain and Base in this category, demonstrating its growing utility in the tokenized asset space.

Despite progress, SOL still faces key resistance levels of $99 to $100. However, on-chain activity has provided strong signals to traders, boosting confidence in recent price increases. The price of $95.13 coincides with the 23.6% Fibonacci retracement level and now serves as the dividing line between continued consolidation and potential reversal.

Recent market changes have further highlighted Solana's momentum. In the last 30 days ending August 19, Solana attracted $263 million in RWA inflows, while Ethereum experienced an outflow of $337 million in the same period. Although this US$600 million difference in capital flows does not directly prove investor migration, it reveals a divergence trend between the two ecosystems.

Tokenized assets and expansion of DeFi activities

As tokenized stocks expand from basic issues into lending, liquidity and collateral markets, their integration with DeFi is deepening. Solana's low transaction costs and fast settlements allow its ecosystem to support smaller positions, frequent transfers, and uninterrupted trading.

Solana's total RWA value exceeded US$4 billion in August, growing 10.6% in 30 days, while Ethereum's underlying value remained at US$17.2 billion, growing only 1.3% over the same period. This strengthens Solana's market narrative, but token price rises still depend on broader market dynamics.

Tokenized treasury bonds are also growing on Solana, reaching US$1.2 billion after a 16.1% increase over the same period. These products are used by institutional investors for cash management and collateral, and increased liquidity may attract larger transactions.

In addition, tokenized stocks generated US$5.8 billion in spot decentralized exchange (DEX) trading volume in the second quarter, with Solana handling approximately 95% of global on-chain equity DEX activity. This concentration confirms Solana's online competitiveness, but this activity does not guarantee direct benefits to SOL holders.

While traditional markets rely on complex brokers, a major change is taking place as Wall Street transforms to a Web3 platform. Investors are increasingly using services to store shares of major U.S. company stocks, gold and silver directly in crypto wallets. Through RWA tokenization and instant price discovery, these platforms eliminate intermediaries and reshape the way assets are acquired in decentralized markets.

The Solana protocol currently destroys approximately 650 SOLs per day and releases nearly 60,000 SOLs simultaneously, which means that fee destruction only offsets approximately 1% of new releases. Since there is no permanent cap on supply, growth in demand for tokenized assets needs to absorb this new supply to have a significant impact on prices.

Technical Outlook: Focus on key prices

SOL is testing the 23.6% Fibonacci retracement level of $95.13, which analysts believe may be the fourth wave of correction after a recent rebound from around $70. If SOL holds this support level, the short-term bullish outlook remains unchanged; but if it falls, it may fall to $90.69 or even $87.26, or 38.2% and 50% retracement levels.

If we can continue to break through the resistance zone of US$99 to US$100, it may open up room for the next round of gains. According to technical forecasts, the target price is between US$114 and US$116. In the longer term, some analysts believe that SOL is expected to recover to the $160 to $180 range as long as prices form higher lows and regain key resistance areas, including the $100 range and higher to $140 range.

However, a clear break below the recent low of around US$60 would invalidate the bullish technical pattern on daily and weekly charts. Market participants are closely watching the $95.13 and $100 levels for short-term direction signals.

Traders continue to focus on whether SOL can hold the key support of US$95.13 and break through resistance around US$100 in subsequent trading sessions. As price movements evolve, the pattern settings are changing rapidly.