Solana Snaps Back to $81 off the $60 Low, Outpacing BTC and ETH as Tokenized-Finance TVL Sets a $3.4B Record

Solana has rebounded to $81, marking a 19% weekly gain after hitting a 2.5-year low of $60 in early June. This recovery was primarily triggered by a macro-driven risk-on rotation following a soft U.S. jobs report, which eased Federal Reserve rate hike concerns and fueled a broader crypto market rally. While Solana’s high-beta nature amplified these gains, the network is simultaneously undergoing a structural shift from memecoin speculation toward institutional-grade financial infrastructure. Notably, Solana’s real-world asset (RWA) total value locked reached a record $3.4 billion, with tokenized equities accounting for 97% of that activity. Furthermore, the network's on-chain stablecoin supply has surpassed $16 billion, supported by institutional integrations from entities like MoneyGram and Goldman Sachs. The upcoming Alpenglow upgrade, which aims to reduce transaction finality to 150 milliseconds, further bolsters the case for Solana as a viable settlement layer. Despite these fundamental advancements, the asset remains sensitive to macro volatility and the ongoing selling pressure from FTX-estate token unlocks. This combination of institutional adoption and high-beta market sensitivity positions Solana at a critical technical pivot point as it attempts to reclaim higher resistance levels.