Solana 回檔：價格會突破 200 美元嗎？

在過去一周的交易中，市場數據顯示 SOL 保持穩定，較前 24 小時下跌 3%。

Solana (SOL) is one of the top crypto networks globally, commanding a market cap of over $81 billion, as per CoinMarketCap data. However, even as crypto prices rise and sentiment improves, SOL has struggled for momentum.

Solana (SOL) 是全球頂級的加密網路之一，根據 CoinMarketCap 數據，其市值超過 810 億美元。然而，儘管加密貨幣價格上漲且情緒改善，SOL 仍難以獲得發展動力。

Solana Retraces: Will Prices Break $200?

Solana 回檔：價格會突破 200 美元嗎？

Over the past week of trading, market data shows that SOL is stable, posting a 3% dip over the previous 24 hours. The slide comes as Bitcoin, Ethereum, and Dogecoin march higher.

在過去一周的交易中，市場數據顯示 SOL 保持穩定，較前 24 小時下跌 3%。隨著比特幣、以太坊和狗狗幣走高，比特幣出現下滑。

To put the numbers into perspective, Dogecoin is up 22% over the last week. Bitcoin has added 8% during that period, inching closer to March highs.

從這些數字來看，狗狗幣上週上漲了 22%。比特幣在此期間上漲了 8%，接近 3 月的高點。

As SOL prices retreat from this week’s highs of nearly $185, CoinMarketCap experts note that Solana’s ecosystem is growing. At the same time, the number of daily active users continues to tick higher, an indicator of interest.

隨著 SOL 價格從本週近 185 美元的高點回落，CoinMarketCap 專家指出，Solana 的生態系統正在不斷發展。同時，每日活躍用戶數量持續上升，這是一個有趣的指標。

The uptrend has been solid over the past week. After prices collapsed in early September before quickly recovering, the uptrend has seen SOL rapidly increase. The coin added approximately 50% in the last two months, breaking above $150.

過去一周的上升趨勢一直很穩定。 9 月初價格暴跌後迅速恢復，在上升趨勢中 SOL 迅速增加。該幣在過去兩個月上漲了約 50%，突破 150 美元。

At spot rates, SOL remains within a bullish breakout formation. Even if the retracement pushes the coin lower, the local support will be at around $150. If buyers find support at this level, it may set the foundation for a fresh leg up, rising to the psychological round at $200.

以即期匯率計算，SOL 仍處於看漲突破形態內。即使回調壓低代幣，局部支撐位也將在 150 美元左右。如果買家在此水準找到支撐，可能會為新一輪上漲奠定基礎，升至 200 美元的心理關卡。

Solana Price Drivers: Thriving Ecosystem, Institutional Support

Solana 價格驅動因素：蓬勃發展的生態系統、機構支持

Possible growth drivers include the active Solana ecosystem. Last week, daily active users rose to nearly 7 million. However, as prices retrace, the number is now around 5.5 million.

可能的成長驅動因素包括活躍的 Solana 生態系統。上週，每日活躍用戶升至近 700 萬。然而，隨著價格回落，這個數字現在約為 550 萬。

Most users are active meme coin traders on leading decentralized exchanges (DEXs) like Raydium and Jupiter.

大多數用戶都是領先的去中心化交易所（DEX）（如 Raydium 和 Jupiter）上活躍的 meme 幣交易者。

Over the past few months, following the launch of Pump.fun in January, Solana (SOL) has benefited from the tens of thousands of meme coins going live. Every launch requires the locking of SOL for liquidity, driving demand higher and lifting prices.

在過去的幾個月裡，繼 1 月份 Pump.fun 推出後，Solana (SOL) 受益於數以萬計的 meme 幣的上線。每次發布都需要鎖定 SOL 以獲得流動性，從而推動需求增加並提高價格。

While meme coins are key to Solana’s evolution, the network also has a decent decentralized finance (DeFi) ecosystem. DeFiLlama data shows that its protocols manage over $6.2 billion, of which over 50% comprise stablecoins. Out of the $3.80 billion stablecoins in Solana, over 69% are USDC.

雖然 meme 幣是 Solana 發展的關鍵，但該網絡還擁有一個不錯的去中心化金融 (DeFi) 生態系統。 DeFiLlama 數據顯示，其協議管理超過 62 億美元，其中超過 50% 是穩定幣。 Solana 價值 38 億美元的穩定幣中，超過 69% 是 USDC。

Top DeFi decentralized applications (dapps) include Jito, a liquidity staking protocol managing over $2.4 billion. Others include Solayer – a liquidity restaking solution – and Ondo Finance – a real-world asset (RWA) tokenization platform – controlling $275 million and $127 million, respectively.

頂級 DeFi 去中心化應用程式 (dapp) 包括 Jito，這是一種管理超過 24 億美元的流動性質押協議。其他包括 Solayer（一種流動性重新抵押解決方案）和 Ondo Finance（一種現實世界資產 (RWA) 代幣化平台），分別控制著 2.75 億美元和 1.27 億美元。

Beyond the explosive on-chain growth, Solana could benefit from institutional backing. Robinhood, a trading platform, recently began offering SOL to EU clients.

除了爆炸性的鏈上成長之外，Solana 還可以從機構的支持中受益。交易平台 Robinhood 最近開始向歐盟客戶提供 SOL。

At the same time, VanEck, one of the spot Bitcoin and Ethereum ETF issuers, released the first exchange-traded note (ETN) in Europe. The ETN will also offer staking rewards.

同時，現貨比特幣和以太坊ETF發行人之一VanEck在歐洲發行了第一個交易所交易票據（ETN）。 ETN 也將提供質押獎勵。