Solana (SOL) Price Surges 36% After a Turbulent March 2025, Targeting $150

After a turbulent March 2025, the cryptocurrency market is showing signs of a strong recovery, and one standout performer is Solana (#SOL).

March 2025 was a turbulent period for the cryptocurrency markets, with Bitcoin, Ethereum, and many major altcoins enduring substantial losses. These declines were sparked by a combination of factors, including technical weakness, macroeconomic issues, geopolitical tensions, and shifts in investor psychology.

One of the main drivers of this correction came on April 2, 2025, when U.S. President Donald Trump announced new trade policies with tariffs of 104% on China and tariffs ranging from 10% to 30% on the European Union, Japan, Turkey, and other nations.

However, the situation began to improve when, on April 9, 2025, President Trump announced a 90-day postponement of new customs duties for most countries, excluding China. This move was welcomed by global markets, triggering a recovery in assets, including cryptocurrencies.

Solana’s ecosystem has also been a key factor in its recent upward momentum. The Total Value Locked (TVL) on the Solana network reached $6.9 billion, outperforming competitors such as Tron and Base. Key protocols on the network, including Jupiter, Jito, and Sanctum, reported increases in commercial deposits of 20% to 30%, further fueling the blockchain’s growth.

Solana’s decentralized exchange (DEX) volume has also seen impressive gains. In the past week alone, Solana’s DEX volume surged by 16%, reaching $15.8 billion. This figure is now 50% higher than the combined total of Ethereum’s Layer-2 solutions, showcasing the growing interest from investors in Solana’s decentralized finance (DeFi) offerings.

Notably, platforms like Pump.fun saw a 44% increase in volume, indicating strong activity from short-term traders.

Solana (SOL) Edges Upward Despite Broad Crypto Dullness

Solana’s ecosystem is emerging as a key driver of its recent upward momentum. The Total Value Locked (TVL) on the Solana network hit an impressive $6.9 billion, surpassing competitors like Tron and Base. Key protocols on the network, including Jupiter, Jito, and Sanctum, reported increases in commercial deposits of 20% to 30%, fueling the blockchain’s growth further.

Solana’s decentralized exchange (DEX) volume also saw significant gains. In the past week alone, Solana’s DEX volume surged by 16%, reaching $15.8 billion. This figure is now 50% higher than the combined total of Ethereum’s Layer-2 solutions, highlighting the growing interest from investors in Solana’s decentralized finance (DeFi) offerings.

Platforms like Pump.fun experienced a 44% increase in volume, showcasing the activity of short-term traders.

Moreover, analysts are keeping an eye on a major catalyst that could significantly boost SOL’s price in 2025: the potential approval of a Solana spot exchange-traded fund (ETF) in the U.S.

This speculation is fueled by Grayscale’s recent filing with the SEC, along with similar moves by other major firms such as VanEck, Bitwise, and 21Shares.

Bloomberg ETF analyst James Seyffart suggests that the SEC’s acceptance of Grayscale’s Solana ETF application could signal a shift in regulatory attitudes toward the asset.