Solana (SOL) is exploding – breaking $200 for the first time since April.

With SOL rising and the broader market flipping green, investors are starting to notice some of the newer projects out there.

One that’s getting a lot of attention is FreeDum Fighters (DUM), a PolitiFi meme coin that’s raised over $450,000 in presale.

SOL Dominates ETH as Network Activity Explodes

Solana’s price keeps climbing – now over $204 – and it just had its third straight day in the green.

What’s also eye-catching is how well SOL is doing against ETH.

The SOL/ETH ratio hit an all-time high of 0.0717 earlier this week, and after a slight dip, it’s climbing once more.

That shows just how much faith investors are placing in Solana.

SOL is up 101% this year, while ETH is only up 27%.

This could indicate that the market is changing, and investors see Solana as the most exciting Layer-1 chain.

SOL’s price surge also comes at a time of serious growth on the network.

Solana’s total value locked (TVL) is now $6.9 billion, up $3 billion from August

Lower transaction fees and a growing meme coin sector are driving this growth, helping Solana gain market share.

Big players seem to be taking notice, with SOL’s open interest at an all-time high of $3.5 billion.

Coinbase Boosts Solana DeFi Scene with Bitcoin Integration

There’s another significant development for Solana: Coinbase just launched wrapped Bitcoin (cbBTC) on the network.

This means Bitcoin’s massive liquidity is now flowing into Solana’s DeFi space.

We’ve already seen $10 million worth of cbBTC on the chain.

This move comes at the perfect time, with Bitcoin almost hitting $77,000 after the Fed’s latest rate cut.

Coinbase’s decision to launch wrapped Bitcoin on Solana shows