Solana Poised For Growth In 2025 With Record $173 Million Q3 Funding—Report

Christian Encila

5 months ago

3 mins read

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According to Messari’s most recent analysis, Solana (SOL) is primed for explosive expansion in 2025, fueled by major funding, technological improvements, and growing institutional interest.

The study indicates that in the third quarter of 2024 Solana’s ecosystem funding reached $173 million, the highest level since mid-2022. This money flow shows a strong conviction in Solana’s ability to be the top blockchain platform.

Solana: Key Drivers Of Growth

One of the key reasons for this positive prognosis is the upcoming introduction of a spot SOL Exchange-Traded Fund (ETF). As regulatory conditions improve, experts predict that institutional investors will flock to Solana, increasing its market position.

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The Messari Theses for 2025 is live and available for free.

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— Messari (@MessariCrypto) December 16, 2024

The introduction of a spot ETF might result in considerable financial inflows, placing Solana as a viable competitor to other cryptocurrencies such as Bitcoin and Ethereum.

Moreover, ongoing improvements to Solana’s infrastructure are anticipated to augment its performance. Jump Trading’s Firedancer client pledges to enhance transaction velocities and network scalability.

The preliminary implementation has commenced, with complete deployment anticipated in 2025. This enhancement will broaden client alternatives while bolstering network security by reducing dependence on a singular codebase.

SOL market cap currently at $106 billion. Chart: TradingView.com

Institutional Interest And Market Sentiment

Reflecting the increasing institutional interest in Solana, companies like VanEck and Bitwise have lately registered for a spot SOL ETF. This action points to Solana’s unique value proposition as a high-performance blockchain starting to be acknowledged by conventional finance. If this tendency keeps up, many predict SOL’s price would soar to new heights; some even project it may hit $4,000.

Solana’s market attitude remains positive, particularly after it just went past the $220 price level. If the movement continues, analysts anticipate SOL will reach its previous all-time high of $263. The combination of increased capital, technological breakthroughs and institutional support fosters Solana’s expansion.

SOL price up in the last 24 hours. Source: Coingecko

Looking Ahead: A Promising Future

Looking ahead to 2025, Messari’s insights offer optimism for Solana’s growth. Favorable regulations, cutting-edge advancements like Firedancer, and rising institutional interest hint at transformative opportunities for the ecosystem. With these elements aligning, Solana could firmly establish itself as a dominant force in the digital currency landscape.

At the time of writing, SOL was trading at $222.29, up 2.4% in the daily and weekly timeframes, data from Coingecko shows.

Featured image from DALL-E, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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