Blockchain analyst Pat Doyle noted that the Solana ecosystem is showing strong momentum with active DEX trading, an increase in daily active users, and rising network usage fees reflecting this trend. According to DeFiLlama data, Solana's total value locked (TVL) surged 25% within a month, approaching $53 billion, reaching levels last seen in April of the previous year. Since June, Solana's daily network revenue has remained stable, and last week saw on-chain transaction volumes exceed $2 billion. These positive signals and investor optimism have collectively driven the surge in Solana's price.