Solana’s growing influence in the crypto sector has positioned it as one of the most promising blockchain networks.
VanEck believes Solana has the potential to reach $520 by year’s end, attributing this forecast to its expanding role in the smart contract sector. Analysts at the firm argue that Solana’s growth aligns with broader macroeconomic trends, particularly the M2 money supply, which they estimate will reach $22.3 trillion by late 2025.
If the smart contract platform market cap rises to $1.1 trillion as projected, and Solana’s share increases from 15% to 22%, the asset could hit a $250 billion market cap, translating to the ambitious price target.
Beyond market dynamics, Solana’s ecosystem is evolving rapidly, attracting new users through its thriving memecoin sector and decentralized finance activity. Tokens like TRUMP and MELANIA have fueled engagement, while the network’s Q4 revenue surged by 213% to $840 million. DeFi participation remains strong, with a Total Value Locked (TVL) of nearly $19.54 billion.
Another key factor driving optimism is the growing push for a Solana ETF. VanEck, alongside other firms like Bitwise and 21Shares, has filed applications for a spot ETF, which could channel institutional capital into the ecosystem if approved.
Despite these bullish indicators, SOL has faced short-term volatility, recently dipping to $190.04 as Bitcoin’s price slipped below $98,000. For VanEck’s prediction to materialize, Solana would need to rally by 170%, a possibility that its proponents see as realistic given its accelerating adoption and expanding market influence.
A fresh attempt to address Solana’s ongoing inflation debate is back on the table—this time with a restructured voting model designed to foster consensus and move the network toward its long-term economic goals.
Synthetix’s native stablecoin, sUSD, is once again under pressure as it continues to drift further from its intended $1 peg—raising fresh concerns over the resilience of decentralized stablecoins.
On April 17, 2025, U.S. spot Bitcoin ETFs experienced a significant uptick in inflows, while Ethereum ETFs saw no net movement, according to data from Farside Investors.
Several cryptocurrencies among the top 100 by market cap have faced heavy losses over the past seven days, with a few tokens seeing sharp double-digit declines.