Solana 回调：价格会突破 200 美元吗？

在过去一周的交易中，市场数据显示 SOL 保持稳定，较前 24 小时下跌 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) 是全球顶级的加密网络之一，根据 CoinMarketCap 数据，其市值超过 810 亿美元。然而，尽管加密货币价格上涨且情绪改善，SOL 仍难以获得发展动力。

Solana Retraces: Will Prices Break $200?

Solana 回调：价格会突破 200 美元吗？

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.

在过去一周的交易中，市场数据显示 SOL 保持稳定，较前 24 小时下跌 3%。随着比特币、以太坊和狗狗币走高，比特币出现下滑。

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.

从这些数字来看，狗狗币上周上涨了 22%。比特币在此期间上涨了 8%，接近 3 月份的高点。

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.

随着 SOL 价格从本周近 185 美元的高点回落，CoinMarketCap 专家指出，Solana 的生态系统正在不断发展。与此同时，每日活跃用户数量继续上升，这是一个有趣的指标。

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.

过去一周的上升趋势一直很稳固。 9 月初价格暴跌后迅速恢复，在上升趋势中 SOL 迅速增加。该币在过去两个月上涨了约 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.

以即期汇率计算，SOL 仍处于看涨突破形态内。即使回调压低代币，局部支撑位也将在 150 美元左右。如果买家在此水平找到支撑，可能会为新一轮上涨奠定基础，升至 200 美元的心理关口。

Solana Price Drivers: Thriving Ecosystem, Institutional Support

Solana 价格驱动因素：蓬勃发展的生态系统、机构支持

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.

可能的增长驱动因素包括活跃的 Solana 生态系统。上周，日活跃用户升至近 700 万。然而，随着价格回落，这个数字现在约为 550 万。

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

大多数用户都是领先的去中心化交易所（DEX）（如 Raydium 和 Jupiter）上活跃的 meme 币交易者。

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.

在过去的几个月里，继 1 月份 Pump.fun 推出后，Solana (SOL) 受益于数以万计的 meme 币的上线。每次发布都需要锁定 SOL 以获得流动性，从而推动需求增加并抬高价格。

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.

虽然 meme 币是 Solana 发展的关键，但该网络还拥有一个不错的去中心化金融 (DeFi) 生态系统。 DeFiLlama 数据显示，其协议管理着超过 62 亿美元，其中超过 50% 是稳定币。 Solana 价值 38 亿美元的稳定币中，超过 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.

顶级 DeFi 去中心化应用程序 (dapp) 包括 Jito，这是一种管理着超过 24 亿美元的流动性质押协议。其他包括 Solayer（一种流动性重新抵押解决方案）和 Ondo Finance（一种现实世界资产 (RWA) 代币化平台），分别控制着 2.75 亿美元和 1.27 亿美元。

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

除了爆炸性的链上增长之外，Solana 还可以从机构的支持中受益。交易平台 Robinhood 最近开始向欧盟客户提供 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.

与此同时，现货比特币和以太坊ETF发行人之一VanEck在欧洲发行了第一个交易所交易票据（ETN）。 ETN 还将提供质押奖励。