Solana volume spikes 70%: How SOL could outperform Ethereum in September 2025
Key takeaways
Solana is gaining severe momentum, with buying and selling volumes and Open Curiosity rising sharply. Market circumstances stay wholesome, and discuss of a Solana ETF is including gas to the fireplace. September might be important.
Solana [SOL] is again within the highlight.
DEX buying and selling volumes on the community have surged, a transparent signal that momentum and exercise are heating up quick.
With Ethereum [ETH] nonetheless holding the highest spot however exhibiting slower progress, the massive query for September is easy: can SOL hold this tempo and truly outshine ETH?
Solana outpaces Ethereum as ETF hype builds
Solana’s each day DEX quantity hit $7.93 billion, practically doubling Ethereum’s $4.03 billion, with SOL posting an 8% weekly acquire whereas ETH volumes slipped virtually 13%.
Supply: DeFiLlama
Over the previous 30 days, Ethereum nonetheless holds the lead at $135.6 billion versus Solana’s $109.6 billion, however the hole is narrowing quick.
Supply: DeFiLlama
What might tilt the scales additional is the rising hypothesis round a Solana ETF.
Polymarket now places approval odds at 99%, fueling optimism that institutional demand might speed up SOL’s momentum.
If authorised, the ETF might change into a robust catalyst, placing Solana in a stronger place to problem Ethereum’s dominance in September.
SOL holds sturdy regardless of pullback
Trying on the charts, Solana has managed to remain effectively within the inexperienced this month, nonetheless up greater than 12% over the previous 30 days.
Ethereum, in the meantime, is up a much bigger 24%, however the distinction isn’t as broad because it as soon as was. SOL noticed a pointy rally mid-August earlier than cooling off, whereas ETH has adopted an analogous path with barely stronger upside.
Supply: TradingView
Even with the dip within the newest session, Solana’s worth pattern confirmed resilience, particularly with stable buying and selling exercise backing it.
The true check now’s whether or not SOL can maintain this momentum into September, or if ETH’s stronger positive aspects will begin to pull additional forward.
OI reveals confidence
Open Interest for Solana has climbed again above $6.2 billion; merchants are staying energetic regardless of the latest pullback in worth.
Market individuals aren’t shying away; actually, they’re retaining positions open and searching for the following transfer.
Supply: Coinalyze
On the similar time, Funding Charges have held virtually flat, which suggests there isn’t a giant tilt towards longs or shorts proper now.
Put merely, the market seems to be balanced.
This type of setup usually factors to a wholesome buying and selling surroundings, the place momentum can construct naturally with out excessive leverage.
If Solana retains this tone, it might give the token the help it must hold difficult Ethereum into September.
