Corporate treasury investments are boosting demand for Solana’s native token, SOL. Despite a recent rejection at $250, SOL has gained 24% in the past 30 days, driven by strong onchain activity. Traders are eyeing a potential push towards $300, especially as Solana leads in DEX volumes, surpassing Ethereum in September.

Solana’s dominance in decentralized exchanges is reinforced by its fee growth and interoperability upgrades. The network processed $121.8 billion in monthly volumes, securing leadership in this segment. Fees on Solana rose 23% in the past week, highlighting the network’s potential despite Ethereum still holding more total value locked.

Corporate treasury allocations are accelerating demand for SOL, with firms like Forward Industries acquiring significant amounts for their reserves. Other firms like Pantera Capital and DeFi Development Corp have disclosed holdings exceeding millions of SOL. Additionally, a new Solana-backed treasury vehicle called Helius has been launched, with a $500 million initial private placement.

A proposed open-source bridge between Solana and Base, an Ethereum layer-2, could further boost SOL’s value. The bridge aims to create a more interoperable ecosystem, allowing users to move assets across chains. The partnership between Trump-backed crypto initiative World Liberty Financial and Solana’s memecoin platform Bonk.fun also targets multimillion-dollar promotional rewards for USD1 stablecoin pairs.

Read more at Cointelegraph.: SOL Aims For $300 As TradFi Adoption, DeFi Back Rally