Solana Price Prediction: SOL to Break $200 after App Revenue Reaches $1.2 Billion?

Jakarta, Pintu News – In the first quarter of 2025, Solana (SOL) recorded its best performance in 12 months with total app revenue reaching $1.2 billion. This marks a 20% increase from the previous quarter’s $970.5 million.

With this significant growth, many are wondering if Solana will be able to break the $200 price in the near future.

App Revenue Increases, Solana (SOL) Potential to Rise

In January 2025, Solana (SOL) accounted for almost 60% of the quarter’s total revenue, making it the most profitable month.

Read also: Ethereum Just Surged 7% — Is This the Start of a Massive Breakout?

Pump.fun, a meme coin launch platform, led the way with $257 million in revenue, followed by Phantom wallet which generated $164 million. This increase reflects the broader positive momentum for the Solana network itself, which has seen its token price rise from a low range of $95 to near $173 in recent months.

Solana’s recent price rise is showing some positive signs, with the cryptocurrency managing to recover after dropping to around $164. Fundamentals remain strong, supported by solid economic activity and one of the best weeks for trading volumes since February, despite a drop in volumes on the DEX.

Solana’s Network Difficulties Spark Demand for Solaxy Layer 2 Project

Rapid growth and increased transaction volumes on the Solana network have led to congestion, similar to previous occurrences in late 2023 and early 2024, resulting in slower transaction speeds and higher fees.

To address these scalability challenges, the development of a Layer 2 blockchain called Solaxy (SOLX) is underway. Solaxy is designed for infinite scalability and cross-chain compatibility, aiming to reduce network congestion while maintaining the viral appeal of meme coins.

Pre-sales have raised over $37 million, indicating continued strong interest even as overall market conditions remain challenging.

As a scalability solution designed to prevent overloading the Solana blockchain during the launch of meme tokens, Solaxy addresses a critical need in the ecosystem, making it an attractive project for investors who see a future for Solana-based tokens.

Read also: PEPE Whale Returns With a Splash, Moves $29 Million in Tokens From Binance!

Future Prospects for Solana and Solaxy

With growing adoption and utility, Solana blockchain has the potential to further strengthen its position as a leading altcoin platform, attracting more investors. To participate in the $SOLX token pre-sale, visit solaxy.io.

Tokens will be tradable on centralized and decentralized exchanges after the pre-sale, with hopes for listing on leading platforms to increase liquidity and exposure.

The combination of strong DApp performance, growing institutional interest, and ongoing infrastructure improvements such as Solaxy’s Layer 2 solution suggests that Solana is positioned for continued growth and relevance among altcoins.

Overall, with all these indicators, Solana (SOL) shows potential not only as a major player in the cryptocurrency world but also as an innovator in addressing the scalability issues faced by many blockchains today.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Solana Q1 Review: Revenue Jumps. Accessed on May 20, 2025
• Crypto Times. Solana Hits $1.2B Revenue, Memecoins Lead Surge. Accessed on May 20, 2025
• Cryptonomist. Solana Hits $1.2B in App Revenue, Is a Breakout Above $200 Next? Accessed on May 20, 2025