In accordance with Messari’s 2025 Crypto Theses Report, Solana may have one other robust 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 atmosphere probably fueling explosive development pushed by institutional curiosity.
The token’s rising momentum, high-performance, and growing institutional curiosity, place it as a high contender inside the crypto sector.
Solana’s Layer-2 Ecosystem: Firedancer, Community Extensions, and Rising Developments
In accordance with the 2025 Crypto Theses Report by Messari, Solana is prepared for one more robust yr, due to $173 million in funding in Q3 2024; the biggest quarter since Q2 2022.
Following the collapse of FTX, fading ecosystems are inflicting SOL to realize momentum. It gives on-chain services and products to customers, making a spot ETF inevitable. With extra relaxed regulation, institutional traders may drive explosive development. Some analysts even predict the price of Solana reaching $4,000.
The token lately broke by the $215 value stage, additional cementing its place within the blockchain market. An analyst lately said that if the bullish strain continues, the SOL price prediction will hover round $263, approaching its previous all-time high (ATH).
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The Messari Theses for 2025 is dwell and out there totally free.
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The long-awaited Firedancer consumer, additionally lovingly known as “Frankendancer,“ deployed on the mainnet this yr in a restricted style. Coming from Soar Buying and selling, 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 give attention to the modifications on the networking layer, whereas subsequent variations ought to prolong the performance and even additional improve total efficiency and reliability for Solana.
The total implementation of Firedancer is scheduled for 2025, and this may considerably improve consumer variety on the SOL community. This elevated variety is predicted so as to add to each liveness and safety as a result of it reduces dependence on a single consumer codebase. Nevertheless, Messari claims it might have restricted fast influence because the different consumer implementations may even proceed to bottleneck, which implies Firedancer’s full potential is additional forward and can solely be unleashed because the ecosystem progresses collectively.
$173 Million Fuels Explosive Development in Q3 2024
If fundraising is a number one indicator of success, Solana may dwell by a robust yr. With $173 million in Q3 2024, its greatest quarter since Q2 2022, curiosity in its ecosystem is rebounding post-FTX. Customers can anticipate extra on-chain services and products.
Messari highlights innovation by governance prediction markets from MetaDAOs. There are additionally DePIN protocols like Power 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. Whereas that is nonetheless early, its relative competitiveness with Ethereum’s L2 options may sign main scalability and usefulness advances.
Institutional Curiosity Drives Demand for the Excessive-Efficiency Blockchain
Discussions in TradFi circles relating to 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 submit the US presidential election. In accordance with VanEck, then again, SOL may quickly trade above $500.
Bitcoin is usually thought-about digital gold, and Ethereum is the extra established sensible contract platform with robust tokenomics. Nevertheless, SOL is growing as probably the most performant crypto platform, with being spectacular and a singular 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 traders are more likely to flip to “tech performs” inside the crypto area, with SOL rising because the main contender. Inevitably, it will seem, {that a} spot Solana ETF ought to see the sunshine of day someday within the subsequent yr or two. As this occurs underneath extra relaxed regulation, the substances fall into place for an exponential amplification of the token‘s narrative as a result of long-repressed institutional demand and the energetic ecosystem of tech-driven innovation.
Teuta Franjkovic
Teuta is a seasoned author and editor with over 15 years of experience in macroeconomics, know-how, and the crypto and blockchain sectors.
She started her profession in 2005 as a life-style author for *Cosmopolitan* earlier than transitioning to enterprise and financial reporting for famend retailers like *Forbes* and *Bloomberg*.
Impressed by thought leaders like Don and Alex Tapscott and Laura Shin, Teuta embraced blockchain’s potential, viewing cryptocurrency as one in every of humanity’s most transformative improvements.
Since 2014, she has specialised in fintech, specializing in crypto, blockchain, NFTs, and Web3. Recognized for her robust collaboration and communication expertise, Teuta additionally holds twin MAs in Political Science and Legislation.
Disclaimer: The offered content material could embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability on your private monetary loss.
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