The Future of Solana: What Changes Await Blockchain in 2025
Date: 2025-03-21 Author: Henry Casey Categories: BLOCKCHAIN
The influx of new developers reached 7,625 people, which exceeded the same figure for Ethereum (6,456). This growth is explained by the high technical characteristics of the network: fast transaction processing, minimal fees, and a convenient environment for developing decentralized applications.
In addition, Solana has established partnerships with major financial companies. In May 2024, PayPal chose this blockchain to launch the PayPal USD (PYUSD) stablecoin, speeding up transactions and making them more accessible. In September, Visa integrated Solana to conduct transactions with USDC, which confirmed the confidence of major players in the technology.
The decentralized finance (DeFi) sphere on Solana experienced powerful growth in 2024. The total value of assets locked (TVL) reached $9.5 billion, and projects like Raydium, Jupiter, and Marinade Finance have strengthened the blockchain’s position among the leading platforms for DeFi. At the same time, memecoins have been rapidly developing. PumpFun, a service launched in January, allowed users to create meme tokens instantly, without prior liquidity. As a result, more than 6 million new tokens appeared on the platform, making Solana a key blockchain for memecoin trading. Another important trend is AI memecoins, which used the hype around artificial intelligence technologies. Their popularity attracted new investors to the Solana ecosystem. Tokens associated with famous personalities became the most discussed. In January 2025, TRUMP, created by Donald Trump, appeared on Solana. In the first hours, its price reached $75. The next day, MELANIA was released, which surged 24,000% in the first hour of trading, causing network congestion and disruptions to blockchain explorers.
OKX Exchange supports the Solana ecosystem, providing users with access to the platform’s major tokens, including SOL, Bonk (BONK), Render Token (RNDR), Raydium (RAY), and more. Integrating Solana technology into OKX has improved transaction speeds and reduced fees. OKX also added Solana support to its OKX DEX decentralized exchange, increasing network liquidity and expanding trading options.
However, the blockchain has also faced challenges. Regulators have begun to pay attention to memecoins issued through PumpFun, sparking discussions about the need to tighten the rules for listing new tokens. Solana has also experienced technical glitches: on February 6, 2024, the network stopped processing blocks for five hours due to an overload on one of the subnets. This incident highlighted the need for further infrastructure optimization.
Solana is preparing for important changes in 2025. One of the key updates is the adaptive SOL inflation model proposed by Electric Capital and the blockchain team, which can reduce selling pressure and stabilize the market. The launch of SOL futures on the CME Group is also expected, which will increase liquidity and attract institutional investors. In addition, the team continues to improve the technological base to cope with the increase in load and ensure stable operation of the network.
