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Solana (SOL) is gaining significant momentum again, both on-chain and in price action. The network is nearing a major milestone of 400 billion total transactions. In the last seven days, SOL has surged over 12% and reclaimed the $150 level for the first time since early March.

From its cycle low of $9.98 in January 2023, Solana has soared over 1400%, backed by growing adoption across its ecosystem. With bullish technical signals, thriving apps like PumpFun and Jito, and talk of a potential run toward $500 in 2025, Solana is once again cementing its place as a top performer in the market.

Solana Network Nears 400 Billion Transactions

Solana is nearing a major milestone. It is less than 2 billion transactions from hitting the 400 billion mark.

This comes as SOL’s price gains fresh momentum, rising over 12% in the past week and breaking above $150 for the first time since March 2, with its DEX trading volume reaching almost $16 billion in the last seven days, more than any other chain.

Since bottoming at $9.98 on January 1, 2023, Solana has skyrocketed by an incredible 1412%, becoming one of the top performers of the current cycle.

But it’s not just price action—this cycle has also brought an explosion of real adoption to the Solana ecosystem. Apps like PumpFun, launched just last year, have quickly become among the most profitable in crypto.

Meanwhile, core protocols like Raydium, Meteora, and Jito continue to generate millions in monthly fees, highlighting the network’s growing utility and economic strength.

Solana RSI Dips but Bullish Momentum Holds

Solana’s Relative Strength Index (RSI) is currently at 64.51, cooling off from a recent high of 77 just a day ago. Interestingly, it has rebounded from an intraday dip to 58.64, signaling a potential shift in short-term momentum.

This fluctuation suggests that while the recent rally may have briefly overheated, buyers are still active, keeping the momentum in bullish territory.

The RSI is a momentum oscillator ranging from 0 to 100, used to evaluate whether an asset is overbought or oversold. Readings above 70 typically suggest overbought conditions, often preceding a pullback, while values below 30 indicate oversold levels and potential buying opportunities.

With SOL’s RSI now sitting at 64.51, it points to continued bullish sentiment without being overstretched.

This level allows for further upside if momentum builds again, but traders will be watching closely to see if the RSI can climb back toward the overbought zone—or if selling pressure starts to mount.

Will Solana Reach $500 in 2025?

The Solana price is trading within a tight range. It faces resistance at $152 and holds support at $147.60.

Its EMA lines remain bullish, with short-term averages above long-term ones, signaling that the broader uptrend is still intact.

If the $152 resistance is broken, SOL could climb toward $160, and with sustained momentum, even target $180.

Looking further ahead, if Solana regains the momentum it had at the end of 2023 and throughout early 2024, it could retest its all-time high of $256 and potentially push toward $300 in the first half of 2025.

Should the overall crypto market recover in the second half and Solana continue leading in DEX volume and developer activity, the $500 mark becomes a realistic long-term target.

However, on the bearish side, a loss of the $147.60 support could open the door for a correction toward $124 or even $112 if the downtrend accelerates.

The post Solana Nears 400 Billion Transactions as SOL Reclaims $150 appeared first on BeInCrypto.

In recent months, Solana has demonstrated remarkable growth in the decentralized finance (DeFi) sector, prompting discussions about its potential to rival Ethereum’s valuation.

A new report by Franklin Templeton highlighted that Solana’s DeFi protocols are among the most utilized and highest-earning platforms across all blockchain environments.

Franklin Templeton Predicts Solana as Ethereum’s Rival

In an analysis, Franklin Templeton highlighted the rapid growth and potential of Solana’s DeFi ecosystem. The report suggested that its valuation could soon rival Ethereum’s.

The global asset management firm, which oversees $1.68 trillion in assets, noted that six Solana-based protocols surpassed $1 billion in Total Value Locked (TVL).

During the third and fourth quarters of 2024, Solana outperformed Ethereum in several key metrics. Solana’s decentralized exchange (DEX) volume notably exceeded that of Ethereum and all Ethereum Virtual Machine (EVM)–based DEXs combined.

The surge indicates a significant shift in DeFi activity towards Solana, challenging Ethereum’s longstanding dominance in the space. Jito (JTO) leads the charge, a liquid staking protocol that recently reached an all-time high of $3 billion in TVL. Notably, this marked the first time a Solana-based protocol has achieved this milestone.

Other notable protocols include Jupiter (JUP), Raydium (RAY), Kamino (KMNO), Marinade (MNDE), and Sanctum Coin (SANCTA). Collectively, these protocols contributed to Solana’s growing DeFi ecosystem.

Further emphasizing its growing prominence, Solana’s active addresses per hour were reported to be 26 times higher than Ethereum’s as of January 2025. This surge in user activity reflects the network’s scalability and efficiency, making it an attractive platform for developers and investors seeking faster transactions and lower fees.

Despite the impressive growth, Franklin Templeton’s report points out that Solana’s DeFi protocols remain undervalued compared to their Ethereum counterparts. The analysis reveals that Solana’s DeFi tokens are trading at lower valuation multiples, although they exhibit higher growth profiles and strong fundamentals.

“Solana DeFi valuation multiples trade on average lower than their Ethereum counterparts despite significantly higher growth profiles. This highlights an apparent valuation asymmetry between the two ecosystems,” an excerpt in the report read.

Notwithstanding, Franklin Templeton says the increased activity has also contributed to Solana’s rising market capitalization and overall ecosystem growth. According to the asset manager, these discrepancies suggest a potential investment opportunity as the market adjusts to recognize Solana’s expanding influence in the DeFi sector.

Reflecting this optimism, Franklin Templeton filed for a spot Solana ETF (exchange-traded fund) with the US SEC. Notably, the proposed ETF includes staking capabilities. This means investors can earn rewards by participating in network validation processes, which is the first for a Solana-based ETF.

Solana Rising – Could It Overtake Ethereum?

While some investors are enthusiastic about Solana’s potential, others remain skeptical. A user on X (Twitter) challenged the move to compare Solana to Ethereum, alluding to stark differences in foundational robustness.

“It’s like comparing Ethereum versus Las Vegas casino. Yea Vegas has more chips,” the user quipped.

Similarly, industry analysts caution against assuming Solana is poised to surpass Ethereum imminently. Juan Pellicer, Senior Research Analyst at IntoTheBlock, noted that while Solana has narrowed the market capitalization gap with Ethereum, it still faces significant hurdles.

 “While Solana may continue to grow and potentially challenge Ethereum in specific niches, overcoming Ethereum’s entrenched position as the dominant platform in the immediate future is still unlikely, though the competitive landscape is dynamic and evolving,” Pellicer told BeInCrypto. 

Specifically, Pellicer emphasized that Ethereum benefits from established trust and a vast developer community. According to the analyst, these are critical factors in maintaining its leading position in the DeFi space.

He also highlighted the need for Solana to address centralization concerns and achieve parity in developer adoption. These, according to the analysts, would see Solana truly challenge Ethereum’s dominance.

As Solana continues to innovate and expand its DeFi ecosystem, its potential to reach valuations comparable to Ethereum becomes more plausible.

BeInCrypto data shows SOL was trading for $149.77 as of this writing, up by over 5% in the past 24 hours.

The post Solana’s DeFi Surge Could Rival Ethereum’s Market Value Soon, Franklin Templeton Predicts appeared first on BeInCrypto.

Bitcoin’s price has recently rebounded, bringing it close to the critical $108,000 level. While this recovery offers hope, the key resistance remains unclaimed as support. 

Adding to concerns is a noticeable shift in investor behavior, signaling market fatigue, which could be setting the stage for a price decline below $100,000.

Bitcoin Profit Taking Slows Down

In the previous market cycle (2020–2022), Bitcoin investors realized a total of approximately $550 billion in profit during multiple rallies, including two major waves. Fast forward to the current cycle, and realized profits have already exceeded $650 billion, surpassing the previous cycle’s total. This indicates that, while large gains have been made, the market may be entering a cooling phase.

The latest data suggests that profit-taking has peaked, with the market now in a cool-down period after the third major wave of profit realization. Although gains have been secured, the momentum driving Bitcoin’s upward movement appears to be waning. As realized profitability tapers off, investor sentiment shifts, leading to reduced buying pressure.

Bitcoin’s total transfer volume has also shown signs of cooling. The 7-day moving average of on-chain transfer volume has dropped by approximately 32%, falling from a peak of $76 billion in late May to $52 billion over the past weekend. This decline is consistent with the broader pattern of market cooling, signaling that Bitcoin’s bullish momentum may be losing steam.

The slowdown in transfer volume reflects a general loss of activity across key Bitcoin metrics, reinforcing the notion that market participants are taking a cautious approach. As the market eases, Bitcoin’s price could face downward pressure.

BTC Price Needs To Secure Support

Bitcoin’s price is currently at $106,907, just below the $108,000 resistance. For BTC to continue its upward trend, it must flip $108,000 into support. This would set the stage for further gains, pushing Bitcoin towards the $110,000 mark and potentially beyond. However, the current market sentiment remains fragile.

Given the rising signs of market fatigue and the cooling of key activity metrics, a decline is more likely in the near term. If demand does not revive, Bitcoin’s price could fall below $105,000 and test the critical $100,000 support level. Any further loss in momentum may trigger a deeper decline.

Alternatively, if Bitcoin’s price manages to hold above key support levels, the bullish trend remains intact. Successfully reclaiming $108,000 as support would clear the path for Bitcoin to rise to $110,000. A break above this level could lead to a move towards the all-time high of $111,980, maintaining the upward momentum and investor optimism.

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