Solana, a previously popular cryptocurrency, has recovered from a dip and is now gaining attention from institutional investors. The network's speed and cost-efficiency make it a promising platform for decentralized finance projects, leading to major firms like VanEck and Bitwise applying for Solana spot ETFs. Despite potential price dips, the increase in spot market inflows and decreasing outflows indicate a possible upward momentum for SOL, showcasing its dominance in the crypto market.