Uniswap added support for Solana — SOL price targets $240

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Uniswap has added support for the Solana network in its web app. Now you don’t need to switch to third-party platforms — just connect your Solana wallet and trade SOL tokens directly on Uniswap. This is a strategic move for the project: the team wants to simplify entry into DeFi and remove barriers between ecosystems.

A unified interface for trading on different blockchains

Previously, for operations with Solana assets, Uniswap users had to leave the platform. Now that’s in the past — the updated web app supports four networks at once: Ethereum, Solana, Base, and Unichain. Everything works from a single interface.

For many DeFi users, the main problem is that each blockchain lives its own life. Uniswap decided to make life easier for those who use multiple blockchains. Now, four networks, including Solana, are available from one interface. No extra tabs or switching: everything is at hand in one window.

But the team isn’t going to stop there. Plans include adding cross-chain bridges, enabling swaps between networks, and integrating Solana into the native Uniswap wallet. This should boost liquidity movement and give the ecosystem new momentum.

Solana strengthens its position in DeFi

Solana entered the market in 2020 and quickly became one of the busiest L1 networks. Fast transactions and minimal fees did the trick — the network was chosen not only by developers but also by major players. Today, the network confidently competes with Ethereum — especially in the segments of decentralized trading, NFT, and payment solutions.

Read also: CZ challenges Coinbase: ‘If you added BNB — support projects on our network too’

Amid the loud announcement, the price of Solana went down — in a day, the token dropped by more than 10% and is trading around $175.68. Over the week, the decline was almost 20%. Market capitalization remains at $96 billion, trading volumes — over $11 billion. Despite the pullback, analysts believe this may be just a pause before new growth.

According to Bull Bear Spot, the SOL/USDT pair chart shows a strong bullish divergence with global liquidity (M2). While global liquidity is growing, Solana is consolidating in an important support zone at $176–182. The nearest resistance is around $187–190. If the price breaks through this level, targets in the $240 and even $280 zones may open up.

sol-price-perfomance-and-m2

SOL and M2 price dynamics. Source: Bull Bear Spot/X

Historically, Solana has responded well to global liquidity growth, so an upward impulse is not out of the question.

Read also: Binance launched compensation for those affected by the ‘Black Friday’ crash

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