In recent months, Solana (SOL) has emerged as a formidable competitor to Ethereum (ETH), consistently outpacing its larger rival in various key metrics. Analysts from The Motley Fool have highlighted that while Solana is sprinting ahead, Ethereum seems to be trotting along in comparison. Ethereum’s Market Lead May Be At Risk A particularly telling metric in this competition is the total value locked (TVL) within each ecosystem. TVL serves as an indicator of the capital deposited in a blockchain’s decentralized applications (dApps) and smart contracts. A higher total value locked often signifies greater value within the ecosystem, reflecting growing user engagement and investment. Over the past year, Solana has seen its total value locked soar by approximately 198%, reaching around $38.5 billion. Related Reading: Bitcoin Could Go To Zero, Hedge Fund CEO Warns Meanwhile, Ethereum has also doubled its total value locked, which now stands at approximately $362.7 billion. However, the growth rate of Solana’s ecosystem outpaces that of Ethereum, signaling a shift in user activity and interest. Despite Ethereum’s substantial lead in TVL, particularly in the stablecoin sector where it hosts around $161.1 billion compared to Solana’s $12.9 billion, the rapid growth of Solana’s ecosystem raises questions about its long-term market share. The Motley Fool analysts suggest that if this trend continues, Solana could capture a significant portion of the market currently dominated by the Ethereum blockchain. Solana To Dominate The Tokenized Stock Market? One of the key factors contributing to Solana’s growth is its advantage in transaction speed and cost. As the market and interest for real-world asset (RWA) tokenization expands, Solana is said to be positioned as a preferred platform for issuing and trading tokenized stocks. This segment of the tokenization market is continuously gaining traction, and Solana has already accumulated $69.2 million in tokenized stock value within just the last three months. In contrast, Ethereum holds $274.8 million in tokenized stocks, but much of that flow occurred only recently. Related Reading: XRP Explosion Ahead? Analysts Outline Longevity And Bold $200 Target Moreover, Solana’s total tokenized assets grew by 35% to reach $671.4 million in just 30 days ending on September 24, while Ethereum’s tokenized asset value saw only a modest 2% increase, reaching $9 billion. The analysts concluded by stressing that the asset tokenization market is still in its early stages, and Solana appears well-positioned to capitalize on this opportunity. When it comes to price growth, Ethereum is in the lead, having risen by over 50% year-to-date, compared to Solana’s 33% increase in the same period. At the time of writing, the price of SOL hovers just above the $209 mark, representing a 28% gap between current valuations and its record high of $293. Featured image from DALL-E, chart from TradingView.com
The Solana (SOL) ecosystem demonstrated notable growth in the second quarter (Q2) of the year, particularly in terms of Decentralized Finance (DeFi) total value locked (TVL). Solana DeFi TVL Soars 30% According to market analysis firm Messari, the total value locked in DeFi on the Solana ecosystem surged by 30.4% quarter-over-quarter, reaching $8.6 billion. This growth solidified Solana’s position as the second-largest network in DeFi TVL. However, the quarter was not without its challenges. Average daily spot decentralized exchange (DEX) volume experienced a sharp decline of 45.4%, dropping to $2.5 billion, attributed to the waning excitement surrounding memecoins. Related Reading: Bitcoin Bulls Must Survive Brutal September Before Q4 Hope, Analyst Predicts The stablecoin market on Solana also faced headwinds, with its market cap decreasing by 17.4% to $10.3 billion, positioning it third among networks. A significant portion of this growth earlier in the year was fueled by the launch of the official TRUMP token on January 17, which injected substantial liquidity into the ecosystem and created high-liquidity trading pairs utilizing Circle’s USDC stablecoin. Despite the decline, the stablecoin market’s sustained growth indicates that much of the new capital has remained within the Solana network, according to the firm’s findings. By the end of Q2 2025, USDC’s market cap stood at $7.2 billion, reflecting a 25.2% decline and a 69.5% market share. Meanwhile, Tether’s USDT maintained its position as the second-largest stablecoin on Solana, holding a steady $2.3 billion. Network Activity In terms of staking, Solana’s liquid staking rate rose to 12.2%, an increase of 16.8% from the previous quarter. With 64.8% of SOL’s circulating supply now staked, this growth in liquid staking enhances the DeFi ecosystem, supporting yield-bearing opportunities for SOL holders. Solana’s circulating market cap also grew by 29.8% to $82.8 billion, placing it sixth among all cryptocurrencies, behind Bitcoin (BTC), Ethereum (ETH), Tether, XRP, and Binance Coin (BNB). The non-fungible token (NFT) market, however, faced a downturn, with average daily trading volume plummeting by 46.4% to approximately $979,500 in Q2. Despite this decline, Solana’s NFTs continue to lead in creator royalties. Related Reading: Ethereum Hits $4,350 Liquidity Pool: Can Demand Hold? Network activity remained relatively stable, with average daily fee payers decreasing slightly by 1.4% to 3.9 million, while non-vote transactions rose by 4% to 99.1 million. The average transaction fee saw a significant drop of 59.6%, settling at just $0.01. On a broader scale, total staked value hit an all-time high of $102 billion on January 18, coinciding with SOL’s peak price of approximately $295. By the end of Q2, the total staked SOL had increased by 25.2% to $60 billion. Messari’s analysis hints that while the Solana ecosystem is navigating through a phase of “adjustment,” its foundational metrics and continued development might signal a promising outlook for the future. As of this writing, SOL’s price stands at $184.50, recording a 4.4% drop in the past 24 hours. When compared to its $293 record reached earlier this year, SOL’s price trades nearly 40% below. Featured image from DALL-E, chart from TradingView.com
After some volatile days, Solana (SOL) has broken out of a three-day downtrend, fueling inventors’ bullish sentiment for its short-term performance. A crypto analyst suggested that SOL might be preparing to surpass $300 soon if a key level is reclaimed. Related Reading: Number Of New Trump-Themed Malicious Tokens Spike 206% After Official Memecoin Launch Solana Holds Despite Volatility Solana, the fifth-largest crypto by market capitalization, has performed remarkably over the last week, fueled by US President Donald Trump’s token launch. Last Friday, President Trump launched his official memecoin, TRUMP, on the Solana network after months of speculation and fake launches. The launch kickstarted a three-day crypto market frenzy that propelled TRUMP to an all-time high (ATH) of $75 and a market capitalization of $15 billion. Amid the frenzy, Solana jumped 25% in 24 hours, hitting $270 before climbing another 9.5% to its new ATH of $295.83. Moreover, Solana’s Total Value Locked (TVL) surpassed its 2021 record of $10.02 billion and hit $12.1 billion on Sunday, DeFiLlama data shows. Analyst Rekt Capital noted that Solana needed a weekly close above $250 followed by a possible retest to confirm its breakout from the re-accumulation range. However, the second launch of a Trump-related memecoin sent SOL’s price 12% down, closing the week at $241. On Sunday afternoon, Us First Lady Melania Trump announced her official memecoin, MELANIA, on social media. The token received heavy backlash from the community, and the crypto market saw a 6.6% correction in a few hours, with Bitcoin dipping below momentarily $100,000. Despite the correction, SOL held above the weekend breakout levels, hovering between the $230 to $270 price range over the last three days but failing to hold above $260 for most of this period. SOL Preparing For Jump To $300 On Wednesday, Solana’s price saw a 10% surge to $264 before retracing. Crypto analyst Jelle highlighted that the “SOL hourly chart just looks like it wants another stab at $300 this month.” The analyst pointed out that the cryptocurrency had broken out of its three-day “Post-trump shitcoin launch downtrend,” while indicators like moving averages were “back to bullish.” The post also noted that SOL’s recent performance was trying to reclaim November highs. According to Jelle, the cryptocurrency displays bullish momentum and is “on the edge of entering price discovery” like BTC. He also noted that Solana has turned its previous high against its Ethereum (ETH) trading pair into support. As a result, reclaiming the $260 range could propel SOL’s price to new highs. “Reclaim $264, and all bets are off,” he stated. Similarly, Nebraskangooner shared a positive outlook for Solana, noting that it is “consolidating right at all-time highs… no reason to think this doesn’t melt up from here.” Related Reading: Analyst Says Bitcoin Is Entering Second ‘Price Discovery Uptrend’, What’s Ahead For BTC? Analyst Byzantine General suggested there could be “a bit more chop because we are at OI resistance, but it might have already bottomed out,” but concluded that Solana “looks pretty good” in the short term. As of this writing, SOL is trading at $255, a 2.5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Solana has had an impressive year. After worrying dips in late 2022, the bounce of the second half 2023 thrusted the platform to the top five. At spot rates, not only is SOL, the native token up 100% over the last 10 months, but the network is now a meme coin hub. Solana is the […]
Solana is testing a crucial supply level around $160 following a strong 15% surge since last Friday. The crypto market is experiencing heightened volatility as optimism grows, increasing token prices. In recent weeks, Solana and other major cryptocurrencies have been on a rollercoaster ride, and the coming weeks promise continued uncertainty as volatility shows no signs of slowing down. Related Reading: On-Chain Metrics Reveal Bitcoin Demand Is Growing – Can BTC Break ATHs In Q4? Key metrics from DefiLlama reveal that Solana’s total value locked (TVL) has reached a new yearly high, now at around $6 billion, its highest level since September 2022. This TVL increase signals confidence in Solana’s ecosystem and decentralized finance (DeFi) offerings. Investors and traders are closely watching the market, with Solana’s performance likely to serve as a key indicator for broader market sentiment. As Solana tests this crucial resistance level, the next few days will determine whether the token continues its upward momentum or faces another round of volatility. Solana Testing Crucial Resistance Solana is flirting with a 5% surge, poised to challenge local highs and potentially confirm a long-term uptrend. As the broader crypto market experiences a shift, investors and traders are eagerly searching for signals that Solana is ready to break into new highs. Key data from DefiLlama shows that Solana’s total value locked (TVL) has reached a new yearly high of $6 billion. TVL measures the total value of assets deposited into a blockchain project and is a key indicator of user confidence and engagement. A rising TVL suggests that more users are locking their funds into Solana’s decentralized applications, a sign of growing trust in its ecosystem. This increase in TVL further supports the bullish outlook that many investors hold for Solana. The platform’s expanding DeFi offerings and solid infrastructure make it a strong contender in the altcoin space. As Solana continues to push toward new highs, such fundamental data reinforces optimism about its future price action. Related Reading: Ethereum Could Target $3,400 Once It Breaks Above Bullish Pattern – Details A confirmed surge above key resistance levels could begin a sustained upward trend for Solana, positioning it as one of the top performers in the market. Investors are watching closely to see if the current price movement can translate into a longer-term rally. Key Levels To Watch Solana is currently trading at $155 after a volatile session yesterday. The price successfully retested and now holds above the 200-day moving average (MA) at $151, signaling strong support for the asset. This level has been a key indicator for traders, and maintaining it is crucial for sustaining the current bullish momentum. For bulls to keep the momentum going, SOL must stay above this 200-day MA and break through the $160 level. Such a move would likely confirm a bullish trend and propel Solana to test its yearly highs around $210. This would mark a significant upward move, reflecting optimism in the market and increasing confidence among traders and investors. However, the bullish momentum could weaken if the price fails to close above $160 and holds above the 200-day MA. In this case, a retracement is likely, with the price potentially dropping to lower demand levels around $140. Related Reading: Active Dogecoin Addresses Reach Highest Level In 8 Months – Is DOGE About To Rally? This correction would serve as a consolidation phase before any further upward moves. Traders are closely watching these key levels as they will dictate Solana’s next major move in the market. Featured image from Dall-E, chart from TradingView