Recently, the Solana ecosystem has really heated up. How hot?
Jito (JTO) rose by over 10% in a day, and Raydium (RAY) directly soared by 15%! The market was originally hesitant, but this directly ignited the heat of Solana DeFi. As an old user of the SOL chain, I can only say - this is not a coincidence, but a long-planned outbreak. Tuesday night had already hinted to everyone to get on board《Smart money is coming! SOL ETF may land as early as July! Sol, Ray, JTO preparing to take off, is the last ambush window here?》
Why is JTO rising? It's not just about the good-looking technical chart
#JTO is a protocol on Solana focusing on liquidity staking, which means staking SOL for earnings while still being able to use the tokens for other operations.
Several key factors behind JTO's rise:
- Solana ecosystem's popularity is warming up, especially with the ETF news creating full expectations
- Jito Labs recently contacted the SEC, focusing on compliance and token transparency. This "embracing regulation" attitude directly boosted investor confidence
- Futures market's open interest surged, with bulls clearly entering, breaking through the previous downward trend line
From a technical perspective, JTO has now stood above the 0.236 FIB (Fibonacci retracement), currently oscillating in a small range and gathering strength, with the next target being 0.382 at $2.5, and possibly even challenging the $2.88 ~ $3 range. Moreover, the RSI (Relative Strength Index) continues to rise, with market sentiment fermenting.
Ray Takes Off: Assisted by Korean Aunties and "Buyback Logic"?
Another highlight is Raydium (RAY), a star AMM (Automated Market Maker) on Solana. Where did this rise's boost come from? Listing on Upbit! It immediately attracted a large number of Korean buyers, and Raydium itself has a "buyback design": 12% of protocol revenue is used to buy back and burn RAY, fundamentally reducing circulating supply.
Plus, the current chart is also favorable, with Bollinger Bands starting to contract and volume rising, activating momentum trading systems and robots, with short-term traders rushing in.
Technical analysis shows:
- Current price has broken through the previous oscillation range
- Once effectively standing above the $3.55~3.8 resistance zone, it will enter an accelerated rising phase
This wave is truly a perfect resonance of structure, funds, and sentiment.
Solana DeFi: Really About to Take Off?
The simultaneous surge of JTO and RAY indicates that the market is no longer just looking at BTC and ETH, funds are seeking new breakthroughs, and #Solana is just in the spotlight.
Why Solana specifically?
✅ Fast transaction speed ✅ Low fees ✅ Gradually improving ecosystem infrastructure ✅ Potential Solana ETF (don't forget, this is the biggest catalyst) Don't forget, many top projects' highlights this year, such as memecoin, on-chain derivatives, RWA protocols, almost all have Solana versions, and are even more active.
My view: The first wave of altcoin rebound might start from the Solana ecosystem
This wave of rise is not "dog coin-style speculation", but supported by users, data, and institutional expectations. JTO represents the "staking + compliance" direction, while RAY represents "DeFi infrastructure + burning model", both rising with logic, not the old script of whoever shouts the loudest flies.
What should we do next?
🧭 Check if you have Solana ecosystem tokens 💡 Focus on projects with real business, revenue models, and user base 🔁 Timely reallocation, replacing old projects that were waiting for BTC to lead
This Solana DeFi rebound is just beginning.
To sum up in one sentence: Solana is not just the third-tier L1, it might be the main battlefield for the next "on-chain application explosion". If you missed Ethereum's DeFi main wave last year, don't miss this Solana opportunity again.
That's it for the article! If you're feeling lost in the crypto world, consider joining me in layout and harvesting from the market makers! Can join the community VX+Q group without threshold!
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