Solana (SOL) Price Prediction: 3% Climb as TVL Hits New ATH

The cryptocurrency market is displaying increased activity, with Solana leading the positive momentum. Notably, it experienced a 3% climb

Cryptocurrencies are displaying increased activity, with Solana leading the positive momentum. Notably, it experienced a 3% climb, indicating growing investor confidence as broader market circumstances found stability.

Moreover, Solana’s positive price behavior mirrors the Russell 2000 index’s trend, suggesting that risk-on sentiment is returning across asset classes.

Looking beyond macroeconomic influences, Solana price prediction suggests considerable future advancements based on key on-chain metrics. The total value locked (TVL) within the Solana network has reached its highest point since July 2022, further driving favorable market dynamics. This increase in TVL is occurring despite an industry-wide deceleration in decentralized application activity.

Given its solid standing in decentralized finance and active derivatives market trading, Solana price recovery is likely, and it could even reach its $294 ATH level.

TVL Growth Signals Strength

Despite a general decline in on-chain transactions across many blockchain ecosystems, the SOL TVL is still rising notably. On March 17th, the network’s total value locked impressively hit 53.2 million SOL. This TVL level represents a significant ten percent increase from the prior month.

Graph 1 – Provided by DefiLlama, March 20, 2025.

This impressive TVL growth demonstrably outpaced several key competitors in the industry during this period. For example, Binance Smart Chain (BNB) saw a smaller six percent increase in their total value locked during the same time. Tron’s on-chain deposits experienced a notable eight percent decrease, contrasting with the upward trajectory of Solana.

Solana’s Market Presence Remains Strong

While overall decentralized application activity has generally slowed, the Solana ecosystem still generates considerable fees. Several applications within this network rank among the top revenue earners in the blockchain industry.

Platforms such as Pump.fun, Jupiter, Meteora, and Jito continue to be highly competitive in the market. These platforms frequently exceed even leading Ethereum-based solutions in terms of weekly revenue generation.

This consistent user engagement strongly reinforces the evolving reputation of Solana within the crypto and blockchain space. It is increasingly recognized as a blockchain platform that showcases high utility and broad user adoption. Notably, base layer transaction fees on Solana have even surpassed Ethereum’s in certain market metrics recently.

Given its expanding market influence and steady network activity, the Solana network remains a vital participant within the DeFi landscape.

Future Prospects and Potential Price Increase

The derivatives market for Solana reveals a balanced demand between long and short positions. Even though the price of SOL dropped by 27% in February, the bearish momentum is not fully settled yet.

Furthermore, limited growth in token supply for SOL should reduce selling pressure and support price increases. Only 0.79 million tokens are expected to unlock during May and June. If these favorable trends continue, Solana price prediction indicates SOL appears poised to reclaim the $170 price point again soon.

Solana price recovery is Improving Investor sentiment and the network is showing resilience.

A Renewed Chapter for Solana

The recent price increase in Solana is because of the broader market dynamics and its own robust network performance. The market exhibits an increased risk tolerance, which is advantageous for Solana’s valuation.

Looking forward, Solana’s leadership remains committed to enhancing network decentralization and fostering innovation. Despite some recent controversies, CEO Anatoly Yakovenko has reaffirmed this commitment. He has emphasized that development will remain focused on advancements in blockchain technology, not political issues.

With solid foundations and a recovering market, Solana price predictions suggest it might achieve new price peaks in the coming months.