According to Messari’s 2025 Crypto Theses Report, Solana may have one other sturdy yr, fueled by $173 million in funding in Q3 2024—the very best quarter since Q2 2022. A spot SOL ETF feels more and more inevitable. There might be extra relaxed regulatory surroundings doubtlessly fueling explosive development pushed by institutional curiosity.
The token’s rising momentum, high-performance, and growing institutional curiosity, place it as a prime contender inside the crypto sector.
Solana’s Layer-2 Ecosystem: Firedancer, Network Extensions, and Emerging Trends
According to the 2025 Crypto Theses Report by Messari, Solana is prepared for an additional sturdy yr, because of $173 million in funding in Q3 2024; the most important quarter since Q2 2022.
Following the collapse of FTX, fading ecosystems are inflicting SOL to realize momentum. It affords on-chain services and products to customers, making a spot ETF inevitable. With extra relaxed regulation, institutional buyers may drive explosive development. Some analysts even predict the price of Solana reaching $4,000.
The token not too long ago broke by way of the $215 worth stage, additional cementing its place within the blockchain market. An analyst not too long ago acknowledged that if the bullish stress continues, the SOL price prediction will hover round $263, approaching its previous all-time high (ATH).
We are so again!
The Messari Theses for 2025 is dwell and obtainable without cost.
Jump into the complete report now ⬇️ pic.twitter.com/AzOZhiAib5
— Messari (@MessariCrypto) December 16, 2024
The long-awaited Firedancer consumer, additionally lovingly known as “Frankendancer,“ deployed on the mainnet this yr in a restricted trend. Coming from Jump Trading, Firedancer is a high-performance validator consumer that optimizes transaction pace and scalability on this blockchain.
The preliminary launch will implement a phased rollout that can solely concentrate on the adjustments on the networking layer, whereas subsequent variations ought to prolong the performance and even additional improve total efficiency and reliability for Solana.
The full implementation of Firedancer is scheduled for 2025, and this may considerably improve consumer variety on the SOL community. This elevated variety is anticipated so as to add to each liveness and safety as a result of it reduces dependence on a single consumer codebase. However, Messari claims it could have restricted quick impression for the reason that different consumer implementations may also proceed to bottleneck, which suggests Firedancer’s full potential is additional forward and can solely be unleashed because the ecosystem progresses collectively.
$173 Million Fuels Explosive Growth in Q3 2024
If fundraising is a number one indicator of success, Solana may dwell by way of a robust yr. With $173 million in Q3 2024, its greatest quarter since Q2 2022, curiosity in its ecosystem is rebounding post-FTX. Users can anticipate extra on-chain services and products.
Messari highlights innovation by way of governance prediction markets from MetaDAOs. There are additionally DePIN protocols like Energy Networks, and shared sequencers from Rome Protocol—all driving Solana’s development.
With the community supporting extra modular constructing blocks, the rising SOL L2 ecosystem might be thrilling. While that is nonetheless early, its relative competitiveness with Ethereum’s L2 options may sign main scalability and value advances.
Institutional Interest Drives Demand for the High-Performance Blockchain
Discussions in TradFi circles concerning crypto have moved from merely mentioning Bitcoin and Ethereum to now together with Solana. This demand for ETF publicity to the asset was mirrored in a spate of SOL spot ETF filings by VanEck, Bitwise, and 21Shares publish the US presidential election. According to VanEck, alternatively, SOL may quickly trade above $500.
Bitcoin is usually thought-about digital gold, and Ethereum is the extra established good contract platform with sturdy tokenomics. However, SOL is growing as essentially the most performant crypto platform, with being spectacular and a novel worth proposition. As 2024 attracts shut, Ethereum ETF inflows have accelerated, signaling elevated confidence in non-BTC monetary merchandise.
If this pattern continues, Messari claims that buyers are prone to flip to “tech plays” inside the crypto area, with SOL rising because the main contender. Inevitably, it might seem, {that a} spot Solana ETF ought to see the sunshine of day someday within the subsequent yr or two. As this occurs beneath extra relaxed regulation, the elements fall into place for an exponential amplification of the token‘s narrative on account of long-repressed institutional demand and the full of life ecosystem of tech-driven innovation.
Teuta Franjkovic
Teuta is a seasoned author and editor with over 15 years of experience in macroeconomics, expertise, and the crypto and blockchain sectors.
She started her profession in 2005 as a way of life author for *Cosmopolitan* earlier than transitioning to enterprise and financial reporting for famend retailers like *Forbes* and *Bloomberg*.
Inspired by thought leaders like Don and Alex Tapscott and Laura Shin, Teuta embraced blockchain’s potential, viewing cryptocurrency as certainly one of humanity’s most transformative improvements.
Since 2014, she has specialised in fintech, specializing in crypto, blockchain, NFTs, and Web3. Known for her sturdy collaboration and communication expertise, Teuta additionally holds twin MAs in Political Science and Law.
Disclaimer: The introduced content material might embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.
