Solana's recent performance has been truly impressive. The price of SOL has surged over 21% this week, reaching an eight-month high of $246. More importantly, its total locked (TVL) has reached a new all-time high of $13 billion, demonstrating the ecosystem's strong momentum. Galaxy Digital's substantial investment was a key driver of this surge, purchasing over 1.2 million SOL tokens within 24 hours, totaling over $1.2 billion. This institutional investment clearly sends a positive signal to the market, demonstrating that major investors recognize the value of Solana's infrastructure. Solana is a formidable competitor in the DeFi space. With high transaction throughput and exceptionally low fees of less than $0.01, it handles 81% of all DEX trading volume. This technological advantage sets it apart from the fierce competition among public blockchains. However, there are also concerns. While the network maintains a high daily transaction volume of over 2.7 million, user retention has declined by over 15% over the past three months. This suggests that while it has attracted significant trading activity, it still needs to improve its ability to convert transient users into long-term users. In terms of price, it may face resistance near $270 and needs sustained market demand to support further increases.