Since July 4, 2025, Solana's price has remained around $150, demonstrating support from both users and major institutional investors despite a decline in on-chain activity.
The Many Uses of Solana
The Solana token has become one of the most recognized globally due to its diverse applications, including in the gambling sector. Its popularity in this area is attributed to high transaction speeds, scalability, and attractive fee structures. These factors have led to an increase in betting using the Solana token. As gambling writer Alex Hoffmann explains, “Solana casino sites are becoming more popular than ever before, and this trend shows no signs of stopping.” Additionally, significant institutional interest is evidenced by the recent purchase of 17,760 SOL by the DeFi Development Corporation.
Challenges Faced by Solana in May 2025
According to Blockworks Research, Solana's network activity significantly declined in June 2025. Its REV fell by 48% to $63 million, and application revenue dropped by 38% from May to June 2025. Despite these challenges, Solana remains one of the largest tokens, accounting for 31% of on-chain transactions across the blockchain space and claiming 35% of application revenue.
Overall Assessment of Solana's Prospects
Despite the recent issues, Solana's price has maintained its level of $150 since July 5, 2025. This fact reflects the positive reputation of the project in the cryptocurrency industry. Support from both individual users and institutional investors creates a foundation for further growth despite previous challenging periods.
Solana remains a key player in the cryptocurrency market, facing challenges head-on. Its appealing characteristics and institutional investor backing contribute to its resilience and future prospects.
