these are the 3 key on-chain metrics you should monitor:

• DEX volume: Trading volume on Solana’s decentralized exchanges continues to compete directly with Ethereum. Consistently high volume validates real demand for the network.

• Total Value Locked (TVL): Capital deposited in Solana DeFi protocols is at key levels. If TVL rises, it means users are holding on to their funds instead of selling them.

• Priority network fees: The increase in validation tips demonstrates intense competition for block space, reflecting massive institutional and retail usage.

Square's verdict: Solana has stopped being just a fast network and has become the epicenter of retail liquidity. Keep an eye on technical corrections; current historical support levels suggest that institutional interest remains latent.

What's your price target for $SOL this month? Leave it in the comments! 👇