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Solana ($SOL), which entered 2025 with sharp fluctuations, is gaining momentum again despite experiencing declines of up to 70 percent during the year.
$SOL, which has risen 15% in the last two weeks, has outperformed Ethereum, which remained stagnant, and Bitcoin, which lost 4% in the same period. The token, which has gained 30% on a monthly basis, reached a six-month high of $216.87 last week.
Solana's rally accelerated particularly after VanEck filed for a staked Solana ETF alongside decentralized finance platform Jito. Bloomberg's recent report that Galaxy and Jump planned to establish a $1 billion Solana-focused treasury fund also supported the rally. “Solana is currently at a critical resistance level,” said Leo Zhao, Investment Director at MEXC Ventures. “Positive macro signals, such as a potential US interest rate cut, could lead to new highs.”
Interest from institutional investors is growing. Giants like Grayscale, Franklin Templeton, VanEck, and Bitwise have applied for $SOL ETFs, while BlackRock expanded its tokenized money market fund, BUIDL, to Solana this year. Institutions like Ark Invest, Galaxy, and Republic are increasing their presence on the network through $SOL staking and tokenization projects.
The Solana network stands out in the tokenization trend with its high transaction capacity. “If you believe in a future where everything from farmland to buildings to stocks will be tokenized, Solana is the perfect vehicle,” said Josh Brown of Ritholtz. “Because no other Layer 1 network can handle such high transaction volume.”
*This is not investment advice.