Solana Coin is Now 5 Years Old, Will SOL Price Break New ATH?

Bittime - Solana is on a major milestone as it is now five years old since its first launch. Since it was launched in 2020, this is clearly an extraordinary milestone for the community.

Check out the celebration of Solana's 5th year of innovation and predict whether Solana's price will soon reach ATH here!

Solana Celebrates Five Years of Innovation

Solana ($SOL) is now five years old since its official launch in 2020. In that time, this blockchain network has handled transactions worth more than $410 billion with more than 1,300 active validators.

Not only that, Solana also recorded an impressive DEX trading volume, approaching $1 trillion. With this achievement, many are asking: will SOL soon reach a new record high price?

Read also: BlackRock Potentially Proposes XRP and Solana ETFs

Support from the Community: Raj Gokal Encourages Developers to Launch Tokens

In an upload on the X platform on March 16 2025, Solana appreciated the community and developers who have contributed to building this ecosystem. 

Solana co-founder Raj Gokal even encouraged more developers to launch their own tokens, stating, “If we could launch it then, you can do it now.”

Anatoly Yakovenko, another co-founder of Solana, also celebrated this achievement by calling the day "Solana 0 block day." 

Yakovenko also emphasized that everything is still going according to plan, and looking at the growth of the Solana network, this statement is even more convincing.

Currently, Solana still has more than $8.5 billion in total value locked (TVL) on its DeFi protocol, and Solana's network revenue and transaction fees are higher than Ethereum. SOL's market capitalization now stands at over $65.5 billion, cementing its position as one of the largest blockchains.

SOL Price Prediction Could Cross $300 in 2025?

Solana's price was under pressure, dropping from $180 in February to the sub-$140 range. In the last 24 hours, SOL price fell 5.67% and traded at $126.83.

However, some analysts believe that SOL still has a big chance of recovering. They project a 10% upside in the month ahead and an average price target of $135.99 by June 2025. 

In fact, some optimistic predictions say the price of SOL could pass $300 by September 2025, with a price range between $235.73 to $311.32 and a potential ROI of up to 133%.

Read also: Historical Bitcoin Price Movement 2017

Major Improvements to Scalability and Stability

One of the main factors that can drive SOL price increases is a major network update, namely Firedancer. Developed by Jump Crypto, Firedancer is an alternative validator designed to increase transaction speed and network stability.

The testnet version of Firedancer was first introduced in September 2023 under the name Frankendancer. Although initially scheduled for release in the second quarter of 2024, many analysts expect this upgrade to be fully active within the year. 

With Firedancer, Solana aims to reach speeds of 1 million transactions per second (TPS), making it one of the fastest blockchains in the world.

Apart from that, Solana also has the potential to be included in the ranks of assets approved for exchange-traded funds (ETF). 

Several asset management companies have already applied Solana-based ETF application, placing SOL as a strong candidate for approval alongside Litecoin, Dogecoin, and XRP.

Conclusion

With momentum, Solana continues to prove its position as one of the most innovative blockchains in the industry. If this development continues, SOL has a great chance of reaching a new price record in the coming months. 

For investors and crypto enthusiasts, 2025 could be an important moment for Solana in breaking new boundaries in the market.

FAQ

1. How much is 1 Solana currently?

The current price of 1 Solana (SOL) is around Rp2,116,504 based SOL/IDR Market Finished. 

2. Will Solana rise in 2025?

Solana (SOL) price predictions for 2025 vary. According to analysis from BeInCrypto, the price of SOL in 2025 could reach a high of around $197.36, with a potential Return on Investment (ROI) of 102% from current levels.

3. Who owns Solana?

Solana was founded by Anatoly Yakovenko in 2017. Yakovenko previously worked at Qualcomm before founding Solana. The company behind the development of Solana is Solana Labs, with the Swiss-based Solana Foundation responsible for funding and community development.

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Reference 

Neilius Irene, Solana ($SOL) celebrates 5 years since its official launch, accessed March 17, 2025.

Rajgokal, Account X Official Raj Gokal, accessed March 17, 2025.

Author: SD