Lora Finance shifts its v2 launch from MegaETH to Solana as SOL trades near $77, up 16% weekly, with $80 as the key level.
Lora Finance has announced that it will migrate its v2 launch from MegaETH to Solana, making the move based on network speed, liquidity depth, and broader access to assets.
The DeFi protocol said Solana offered conditions better suited for its next version, while the decision places new attention on competition among high-performance blockchain networks.
The migration comes as Solana trades near $77 after a 16% weekly increase, although the asset remains about 74% below its all-time high.
Market data cited by traders shows a split picture, with on-chain activity rising while Solana’s weekly price structure remains under pressure.
Lora Finance Chooses Solana for v2 Launch
Lora Finance said its v2 launch will now take place on Solana instead of MegaETH.
The project pointed to Solana’s speed, liquidity, and asset access as key reasons. As a result, MegaETH has lost a planned DeFi deployment.
NEW: DeFi protocol @LoraFinance has announced it is migrating from MegaETH to @Solana for v2, citing the network’s speed, deep liquidity, and broader asset access. pic.twitter.com/QgJtvyScE8
— SolanaFloor (@SolanaFloor) July 2, 2026
The move comes as DeFi teams continue to compare networks for cost, speed, and user reach.
Solana has gained attention from projects seeking faster settlement and active market depth. Therefore, the migration may draw more focus to Solana-based DeFi activity.
Lora Finance did not frame the move as a short-term market decision. Instead, the update centered on the network features needed for its next version. The change places Solana at the center of the protocol’s next rollout.
Solana Network Activity Shows Strong User Demand
Solana’s on-chain data has also shown rising use across the network.
Active addresses are testing yearly highs near 7 million, according to the shared market update. At the same time, transaction speed is moving toward 1,100 TPS.
Much of the recent activity has been linked to meme tokens and airdrops. These areas have helped keep user activity high across Solana applications. However, network use has not fully matched the current price structure.
SOL remains about 74% below its all-time high despite the recent weekly gain. This gap shows that market recovery has remained slower than network activity.
Still, traders continue to watch whether activity can support stronger price action.
Read also: Solana Raises New Stake Account Minimum to 1 SOL After SIMD-0490 Update Now
SOL Price Holds Key Levels Around $73 and $80
SOL is trading near $77 while holding above the $73 support area. That level matches the 0.786 Fibonacci zone watched by market analysts. A break below $73 could bring attention back to the $63 area.
$SOL at $77 after a solid 16% weekly pump, but still ~74% off its ATH. On chain is firing though active addresses testing yearly highs near 7M and TPS pushing toward 1,100, mostly driven by memes and airdrops.
Classic divergence: network metrics look healthy, but the weekly… pic.twitter.com/3prVSndn3B
— Robert 🍌 (@iR0bertt) July 2, 2026
On the daily chart, SOL is trying to form a base near current levels. A move above $80 could improve short-term momentum for buyers. After that, traders may look toward the $100 to $120 range.
The first major resistance remains near $120, based on the shared technical outlook.
July is now an important period for SOL’s direction. For now, the $80 level remains the key price area to watch.
Leave a Reply
You must be logged in to post a comment.