- Solana’s explosive performance: Solana now generates 220% more activity than Ethereum and Binance combined, indicating tremendous adoption and network strength.
- Massive staking dominance: 65% of all Solana tokens are staked, significantly reducing available supply, which could drive prices higher if demand surges.
- Staking eclipses Ethereum: For the first time, Solana’s staking market cap surpassed Ethereum’s, showing a stronger ecosystem commitment from its community.
- Treasuries betting big on Solana: New “Solana Strategies” firms are emerging, with major investments including a $500M convertible loan to buy SOL, mirroring Bitcoin’s institutional adoption. This represents nearly 2% of Solana’s total supply, a huge potential upward pressure factor.
- Price projection optimism: A somewhat minor point, but a point none the less. Multiple models suggest SOL could realistically reach $300–$500 by 2026, with some scenarios even hinting at a $1,000 target if market conditions align.
- Major adoption news: AT&T partners with Helium on Solana’s DPIN solution, and stablecoin minting on Solana is breaking new records, hinting at its expanding real-world utility. 2.8 billion USD was also earned by Solana dApps in one year: Outperforming all other chains combined, highlighting Solana’s massive commercial traction.
- Chart analysis bullish: Historical technical indicators show Solana recovering strongly post-bear market and poised for a continued climb.
- Solana upgrades underway: Upgrades like Fire Dancer will enhance decentralization and performance, ensuring that “the best is about to get better.”
The Solana ETF is coming, will it be a flop?
- 83% chance Solana ETF gets approved in 2025.
- 65% of SOL is staked, so an ETF could cause a massive supply squeeze.
- New ETFs would allow staking rewards, making them even more attractive.
- An ETF would boost Solana’s credibility and speed up real-world adoption.
Conclusion
Solana is stronger than ever, leading the crypto space in user activity, transaction volume, staking participation, and revenue generation. Its dominance is growing steadily while Ethereum and other competitors lose ground. Institutional interest in Solana is booming, with major treasury companies aggressively accumulating SOL in anticipation of upcoming ETF-driven demand. Meanwhile, significant network upgrades—like faster validators and greater decentralization—are set to further enhance Solana’s performance. Factors like extreme supply scarcity, lucrative staking rewards, and real-world adoption through partnerships fuel Solana’s momentum. In short, “the best is about to get a whole lot better,” and Solana is not just competing with Ethereum—it is already surpassing it across
This thesis is up to date as of 27/04/2025
Just a reminder this is my opinion not financial advice, please make sure to do your own research.
