Recent events in the crypto market highlight the volatility and risks faced by investors. The focus is on Solana, analyzing its current state and activity in 2025.
Current State Analysis of Solana
According to market analyst Tektonic, Solana is currently trading around $133.71. It is testing the lower boundary of a descending channel, possibly indicating a bullish continuation.
The analyst pointed out that a confirmation above the flag resistance would be critical for bullish continuation, with price targets in the $230-$240 range.
However, after U.S. military actions in Iran, the broader crypto market experienced a downturn, triggering trader concerns over potential Strait of Hormuz closures, which could spike oil prices and heighten inflation.
Solana Compared to Other Blockchains
Solana has firmly established itself as the leader in active addresses and transaction volume among layer-1 blockchains in 2025. Recent data shows Solana reaching 2.7 to 5.6 million daily active addresses and processing 85 to 109 million transactions daily.
Its fast processing speed and low transaction fees play a pivotal role in this achievement. With block processing times of 400-600 milliseconds and transaction costs as low as $0.00025, Solana is significantly more affordable than Ethereum.
This dynamic supports the growth of its ecosystem, where DeFi protocols on Solana hold over $12 billion in total value locked.
Future Prospects of Solana
Solana faces challenges as it needs to maintain the $133 zone to avoid falling to $123. The Chaikin Money Flow indicator shows weak buying interest, indicating bear market dominance.
On the other hand, high network activity despite volatility emphasizes that Solana's ecosystem remains attractive to users worldwide. As new projects actively develop on its blockchain, its prospects could improve if trust among investors is restored.
Solana maintains its status as an active player in the crypto market, driven by rapid growth and user engagement. However, to succeed further, it must overcome current hurdles and rebuild trader confidence.
