Solana market momentum is heating up again.
Recently, the price performance of Solana (SOL) has attracted attention again, with a key factor being the launch of the REX-Osprey Solana ETF. This product not only provides institutional investors with a gateway to enter SOL but also incorporates staking features, creating a lock-up effect after capital inflows, further suppressing short-term volatility. The ETF achieved a trading volume of over $65 million in just two days since its launch, indicating that institutional demand for SOL is rapidly increasing.
TVL and user activity have both soared.
Solana’s on-chain activity has shown strong performance, with its total value locked (TVL) exceeding $8.5 billion as of the report’s deadline. In terms of daily active addresses and transaction processing efficiency, Solana has surpassed Ethereum in some metrics, firmly establishing itself among high-performance public chains. Several DeFi and DePIN applications have also driven on-chain interactions, including Jupiter, MarginFi, Kamino, and Drift, all of which have seen significant usage increases recently, laying the foundation for the overall price rise.
Solana technological innovation
With innovative mechanisms such as the Sealevel parallel processing architecture and local fee markets, it ensures its high throughput advantage and builds a competitive moat against other Layer-1 competitors like Avalanche and Near Protocol. These technological advantages not only enhance user experience but also strengthen the network’s capacity to support large-scale applications.
Multiple Practical Scenarios of SOL
Over 65% of SOL was staked before the deadline, reducing the circulating supply while providing up to 7% annualized staking yield, which offers a strong incentive for long-term investors to hold, while effectively reducing market selling pressure. In addition to the staking mechanism, Solana is also gradually expanding its real-world applications, including:
- Solana Mobile (Saga Phone)
- Solana Pay partners with Visa
- Integration of cryptocurrency payment functionality into physical stores
These projects extend Solana from a single blockchain to a comprehensive Web3 ecosystem infrastructure, enhancing its actual value to users.
SOL Price Analysis
Before the deadline, SOL is testing the resistance zone that has been unable to break through multiple times since early July, with the range falling between $160 and $154. If buyers successfully break through this zone, it could trigger a new wave of upward movement, with $200 becoming the next potential target price. Both the technical and fundamental aspects show bullish conditions. In the short term, if trading volume continues to increase and there is no significant profit-taking observed, SOL has the opportunity to expand its gains upward.
Start trading SOL spot immediately:https://www.gate.com/trade/SOL_USDT
Summary
The growth logic of Solana in 2025 goes far beyond just price increases. From on-chain fundamentals, application innovations, institutional interest to the resonance of the broader environment, SOL has already shown the potential to become the leader in the next phase of public chains. If the price successfully breaks through $154 and stabilizes in the key range, market expectations will quickly shift to FOMO mode, at which point $200 is an expected price target.
