Solana Strengthens Its Position Despite Market Fluctuations
Date: 2025-10-07 Author: Henry Casey Categories: CRYPTO PAYMENTS
In September 2025, Solana showed moderate growth but then came under pressure from market volatility. After briefly rising to $250, the SOL price fell below $200. However, the network's internal metrics indicate continued potential despite the overall cooling of the crypto market.
According to VanEck, Solana gained approximately 2% in September, despite revenue falling 11% compared to August. Token volatility decreased by 16%, and the SOL/ETH ratio remains below its year-over-year trend. Despite price fluctuations, institutional investor interest is growing. The emergence of two large DAT companies—Forward and Helius, with assets of $1.5 billion and $500 million, respectively—has increased demand for SOL. Collectively, Solana-focused funds control approximately 2.5% of the total Solana supply.
The network's technological development continues to gain momentum. Over 98% of validators supported the Alpenglow upgrade, which reduced transaction confirmation times from 12 seconds to 150 milliseconds. The upgrade also improved consensus stability and validator efficiency. Meanwhile, the Jump's Firedancer team proposed SIMD-0370, an initiative to remove the computational resource cap on blocks, which should improve network scalability.
A key step is the implementation of a new P-token standard, which will replace the current SPL tokens. This transition will reduce computational load by approximately 95%, allowing Solana to increase throughput by almost 10%.
Solana is also actively strengthening its position in the tokenized asset and stablecoin space. In September, the total volume of stablecoins on the platform grew by $2 billion, reaching $14.3 billion. Due to its high speed and low fees, the network is increasingly being called a potential "Wall Street stablecoin network."
In the real-asset tokenization space, Solana accounts for approximately 60% of on-chain transfers of tokenized shares. Furthermore, on DEX platforms, SOL trading volume reached $125 billion in September, marking the eleventh consecutive month of outperforming Ethereum.
Nevertheless, the activity of large holders is affecting the dynamics. According to analyst Ted Pillows, a fund that previously acquired $1.5 billion worth of SOL has sold half of its holdings, which could be the reason the token is lagging behind BTC and ETH. Currently, SOL remains approximately 20% below its all-time high, but analysts believe that with a renewed rally in Bitcoin and Ethereum, Solana could see a stronger surge.
Experts believe that with the influx of institutional investment through ETFs and corporate stablecoins, Solana could narrow the gap between its technological strength and market valuation. In the coming weeks, investors will be focused on ETF approval, stablecoin performance, and the sustainability of DEX volumes. If these factors converge favorably, Solana has every chance of reaching a new all-time high.
