Solana Hits 365 Days Without Outages, SEC Signals Solana ETF Progress, VanEck Projects $530 Price Target
A historic first for the Solana ecosystem, the blockchain has gone from its past notoriety for network problems to show an unheard-of year without outages. This technical success marks a new phase in the development of cryptocurrencies as the SEC moves toward potentially approving spot Solana ETFs.
Spot Solana ETF Application Makes Progress
The regulatory scene changes significantly with the SEC’s acceptance of Grayscale’s revised Solana ETF application. Under fresh SEC leadership, this development—which marks the first time the agency has accepted an ETF application for a cryptocurrency once categorized as a security—reflects October 11, 2025 is the last date Grayscale’s spot Solana ETF application has specified.
Solana Network’s Technical Feat
Solana’s network stability has shown itself in significant growth measures; Total Value Locked (TVL) surged 548% to reach $14.25 billion. With November alone bringing $367 million, the platform’s application revenue showed amazing increase, rising 213% in Q4 2024 to $840 million. Closing previous quarters at $8.6 billion, the network has locked second place in DeFi TVL.
Validator Economics and Protocol Updates
With SIMD-0096, a major protocol change is ahead whereby 100% of priority fees will be directed to validators. With January priority fees of around $240 million, this change’s possible influence is highlighted. Still, the absence of an instantaneous system allowing validators to distribute these fees to stakers has generated controversy in the community.
SOL/USD Technical Analysis
SOL/USD, which trades about $194, has seen recent volatility with a 9% drop during the past 30 days. Technical indications reveal:
- Price change between moving averages with 50-day and 200-day spans
- RSI suggesting negative momentum.
- Important support level at $186
- Resistance levels close to $250 and $300
With 6.3 million daily active users and January DEX volume over $258 billion, the network boasts outstanding basics despite temporary problems.
Solana Price Prediction
VanEck has issued a bullish forecast for Solana, predicting:
- Price target of $530 by end of 2025
- Market cap growth to $250 billion
- Increased market share in smart contract platforms from 15% to 22%
- Total smart contract platform market expansion to $1.1 trillion
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