Coinpaper 2026-02-09 22:39:49

Sushi Launches on Solana, Deepening DeFi Liquidity as SOL Eyes $96

Sushi has expanded its decentralized exchange operations to Solana, marking a strategic step in its multi-chain growth plan. The launch connects Sushi’s trading and liquidity tools to one of crypto’s fastest execution environments. Consequently, the move places Sushi directly inside a network known for low fees, high throughput, and deep retail participation. According to the press release , the deployment went live immediately, enabling token swaps and cross-chain trades through Sushi’s existing interface. Moreover, the expansion arrives as Solana trades within a tightly watched technical range, adding market relevance to the rollout. Sushi executives framed the move as part of a broader effort to unify fragmented liquidity across chains. Alex McCurry, Sushi’s CEO, said, “Solana has established itself as one of the most important ecosystems for trading crypto. We're incredibly excited to give our over 4 million users access to this vibrant ecosystem. This move helps get Sushi one step further on our mission of becoming the ultimate multichain trading experience.” Hence, Sushi positioned Solana as a core pillar rather than an experimental integration. Jupiter Integration Powers Solana Swaps To support execution on Solana, Sushi connected its platform to Jupiter’s Ultra API. This integration allows Sushi to route trades through Jupiter’s established Solana liquidity infrastructure. Additionally, the setup enables competitive pricing while preserving Sushi’s cross-chain aggregation model. Traders can now access native Solana swaps without leaving Sushi’s interface. Besides improving execution speed, the integration reduces friction for users moving capital across networks. Sushi described the Solana deployment as an initial phase. The team plans to introduce additional features and ecosystem partnerships over time. Moreover, this phased approach aligns with Sushi’s wider strategy of expanding cautiously while maintaining liquidity efficiency. Solana Price Action Stays Range-Bound Solana traded at $86.72 at the time of writing, posting a modest daily gain despite weekly weakness . The token rose 0.30% over 24 hours but fell 16.40% over seven days. Market capitalization stood near $49.3 billion, supported by a circulating supply of 570 million SOL. Significantly, trading volume remained elevated, reflecting active participation despite recent volatility. According to analyst CW8900, Solana faces a critical resistance zone near $88 to $90. This area continues to cap upside following a sharp sell-off. However, buyers have defended the $82 to $84 demand zone, forming higher short-term lows. CW8900 noted that a clear break above the selling wall could open a path toward $96. Conversely, failure to reclaim resistance risks another rotation toward $84 and possibly $78.

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