Should You Buy Solana in 2025?

Why trust HelloSafe?

At HelloSafe, our expert has been closely monitoring the evolution of the Solana cryptocurrency for more than three years. Every month, hundreds of thousands of users in Ireland trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical guidelines, HelloSafe has never purchased Solana nor received any compensation from entities associated with its ecosystem.

Solana in brief

How much does one Solana cost?

The price of Solana is up this week. As of today, Solana trades at €140.80, showing a 3.5% increase in the last 24 hours but a slight 1.7% dip over the past week. Its market capitalisation stands at €74.04 billion, ranking it 6th among cryptocurrencies, with a circulating supply of 524.81 million SOL.

Over the past three months, Solana’s average daily trading volume reached about €2.67 billion, representing around 3.2% of the total crypto market.

Solana’s dynamic price movements reflect both its growth potential and inherent volatility—an aspect every investor should consider.

Our complete review of the Solana cryptocurrency

After examining the latest Solana trends and its evolution over the last three years, our proprietary algorithms have synthesized on-chain metrics, technical indicators, market data, and competitive environment analysis. This multi-factor approach allows us to assess Solana's current positioning with a precision that goes beyond surface-level market sentiment. So, why might Solana once again represent a strategic entry point in the high-velocity Layer 1 blockchain ecosystem heading into 2025?

Recent Performance and Market Context

Price Evolution

Solana (SOL) currently trades at $152.42, up +3.5% over 24 hours, registering a strong rebound of +11.5% year-on-year. Over the past three years, SOL has navigated intense volatility, reaching an all-time high of $294.33 in January 2025 and retracing to current levels—still up massively from its 2020 low ($0.50). This pattern illustrates both the project’s explosive potential and the dynamic nature of crypto price discovery.

Positive Recent Developments

• DeFi Dominance: Solana’s DeFi ecosystem surged in 2025, with TVL topping $10.9 billion and DEX volumes frequently exceeding $2.7 billion/day. Notably, Solana’s DEXs surpassed $1 trillion in total trading volume this year, signalling robust user activity.
• Expanding Use Cases: Growth in memecoin trading, NFT platforms, and on-chain gaming reflects active developer engagement and community-driven innovation.
• Governance Initiatives: The current debate around reducing inflation from 4.5% to as low as 0.87% signals maturation in network governance and could provide a powerful tailwind if implemented.

Favourable Macro and Sector Backdrop

• Crypto Market Tailwinds: Digital asset adoption is broadening, with institutional interest in scalable blockchains accelerating.
• Sector-Specific Advantages: DeFi and NFT expansions, especially on scalable, low-fee networks, have boosted Solana’s relevance compared to congested alternatives.

Technical Analysis

Key Crypto Indicators

• RSI (Relative Strength Index): At 51.55, SOL’s RSI sits just above neutral, hinting at a resumption of upward momentum without being overbought.
• MACD & Moving Averages: Price action remains above the 50-day moving average, a clear manifestation of medium-term support. MACD crossovers in prior sessions highlight constructive momentum.
• Support/Resistance: Strong support at $140; current price recently bounced from this zone, suggesting a robust accumulation base. Immediate resistance is visible between $160 and $164.50—clear breakout potential if sentiment remains positive.

Momentum and Structure

SOL’s technical structure is characteristic of “early-stage recovery”—price consolidates above key moving averages, as oscillators turn bullish without reaching excess. Previous rebounds from $140 support signal renewed market confidence and position Solana favourably for the next leg upward, provided sector-wide sentiment stays constructive.

Fundamental Analysis

Adoption Drivers & Strategic Partnerships

• Ecosystem Vitality: Over $10.9B TVL, a 34% share of DeFi stablecoin flows, and over $2.76B DEX volume per day underscore Solana’s deep, real-world traction.
• Developer Momentum: Ongoing expansion of memecoins, NFTs, and dApps—backstopped by one of the most active communities in crypto.
• Protocol Innovations: The proprietary Proof-of-History (PoH) mechanism, layered atop Proof-of-Stake, delivers market-leading throughput and unrivalled cost efficiency, differentiating Solana structurally from competitors.
• Upside from Governance Proposals: The SIMD-0228 proposal could dramatically decrease block rewards inflation, directly impacting tokenomics and long-term value accrual.

Relative Valuation

• Market Cap: $79.95B establishes SOL firmly among the world’s top crypto assets (CoinMarketCap #6).
• FDV and Liquidity: High volume—$2.88B+ daily—points to market confidence and deep liquidity, enhancing both price discovery and investor accessibility.
• TVL Ratio & Attractiveness: With TVL holding near record highs, Solana’s ratio of TVL to market cap is one of the most attractive among major L1s—particularly compared to Layer-2 solutions whose TVL growth has stagnated.

Structural Advantages

• Scalability and Speed: Solana processes thousands of transactions per second at ultra-low cost—a key factor driving explosive DeFi and NFT adoption.
• Community & Institutional Interest: Developer activity remains top-tier; new institutional anchors join the ecosystem, signalling growing mainstream acceptance.
• Ongoing Expansion: Leading DeFi protocols (e.g., Kamino) continue to migrate or expand on Solana, underpinning sustainable TVL growth.

Volume & Market Position

• Trading Volumes: Persistent 24h volumes in the multi-billion-dollar range validate Solana’s liquidity profile, facilitating large trades without market impact.
• Position Among L1s: With 34% DeFi market share and a commanding community/partnership pipeline, Solana is now a peer to Ethereum and Base in many verticals.

Bullish Catalysts & Outlook

• Protocol Upgrades: Imminent upgrades targeting inflation reduction and stability expected to enhance investor perception of sound tokenomics.
• Mainstream Integration: Institutional adoption rises; major exchanges and wallets (Coinbase, Binance, Phantom, Ledger) ensure global access.
• Ecosystem/Use Case Growth: DeFi, NFTs, gaming, and memecoins—Solana’s application stack is rapidly growing, pulling the network into ever more use cases.
• Regulatory Environment: A shift toward clearer, more crypto-friendly regulation enhances competitive standing for established names.

Investment Strategies (Across Different Time Horizons)

Short-Term (<6 months)

• Buy-the-Dip Opportunity: A technical pullback towards the $140 support zone may offer a compelling tactical entry as momentum reaccelerates.
• Catalyst Trading: Strategic entries ahead of major governance votes or protocol upgrades could benefit from renewed market optimism.
• Range Trading: Capitalising on volatility between $140–$164.50, using clearly defined risk levels, suits active traders seeking technical edge.

Medium-Term (6–24 months)

• Positioning for Ecosystem Growth: As the DeFi and NFT ecosystems on Solana expand, holding SOL during this “network effect” window seems justified by robust fundamentals.
• Staking Yield: Staking SOL provides attractive yields, with potential upside if the inflation reduction proposal passes, enhancing real returns for stakers.

Long-Term (>2 years)

• Structural Hold: With inflation potentially reduced and persistent developer/institutional engagement, anchoring SOL as a core crypto holding appears increasingly sound.
• Layer 1 Rotation: As Layer 2s reach scaling headwinds of their own, L1s with proven throughput like Solana may see revived capital rotation.

Solana Projections

Is Now the Right Time to Consider Solana?

In summary:

• Solana combines top-tier performance metrics (TVL, volumes, ecosystem activity) with deep liquidity and a rapidly expanding use-case pipeline.
• Technical structure signals renewed accumulation above strong support, while fundamental drivers—protocol innovation, community strength, and ecosystem growth—set the stage for sustained outperformance.
• Forthcoming governance improvements (notably potential inflation reduction), coupled with increasing institutional interest and broader market tailwinds, reinforce Solana’s status as a leading blockchain asset ready for a new expansion cycle.

Given these converging technical and fundamental factors, Solana appears to offer an excellent opportunity for investors seeking exposure to high-potential digital assets. The foundation laid in 2025 points towards a multi-year bullish phase, with upcoming protocol milestones and ecosystem growth acting as additional catalysts for price appreciation.

Solana remains a high-volatility asset that offers dynamic investment opportunities—but that also requires diligent risk management. The recent price surge underscores Solana’s ability to generate rapid, significant market moves, and the evolving macro context calls for strategic selectivity. Key technical levels to watch are $140 as immediate support and the $160–$164.50 zone as major resistance. The upcoming protocol upgrade, expected in Q2 2025, could prove to be a decisive catalyst for SOL’s next phase of growth.

How to buy Solana?

It is simple and secure to buy Solana (SOL) online through a regulated platform from Ireland, using either your euro account, card, or bank transfer. When investing, two main methods are available: buying Solana directly (spot) to own real coins, or trading via crypto CFDs, which lets you speculate on price movements without actually owning the coin. Both approaches are user-friendly but have distinct benefits and risks. For a detailed comparison of suitable platforms, including key fees and features, see our comparison table further down this page.

Spot Purchase: Owning Real Solana

When you buy Solana at spot, you directly own the SOL coins, which are stored in your wallet—either on the exchange or a private wallet (like Phantom or Ledger). Spot purchases usually involve a fixed commission per transaction, typically between €1 and €5 depending on the platform and payment method.

Example: Spot Solana Purchase

With Solana priced at $152.42 (about €140), a €1,000 investment allows you to acquire roughly 7.14 SOL coins (excluding fees). After a €5 transaction fee, you receive slightly less than 7.14 SOL, but this is a realistic estimate.

Potential Gain Scenario

If the price of Solana rises by 10%, your portfolio value becomes €1,100.
Result: EUR +100 in gross gain, or +10% on your initial investment.

Trading Solana via CFDs

Crypto CFDs let you trade Solana without actually owning the coins. Instead, you open a position predicting whether SOL’s price will rise or fall. The main costs here include the spread (the difference between buy and sell prices) and overnight funding fees if you keep the position open for several days.

Example: €1,000 and 5x Leverage CFD

You open a CFD position on Solana with 5x leverage, giving you market exposure worth €5,000. If Solana’s price climbs by 8%, your position gains 8% × 5 = 40%.
Result: EUR +400 gain on your initial €1,000 (before fees).

Final Advice

Before you invest, always compare the fees and trading conditions on each platform—these can make a real difference to your returns. Your choice should depend on your financial goals, risk appetite, and experience: spot is best for long-term holders, while CFDs suit active traders. Find our impartial platform comparison table just below to help you choose the solution matching your needs.

Our 7 tips for buying Solana

The latest news about Solana

Solana maintains robust DeFi momentum with over $10.9B TVL and 34% stablecoin market share this week. The network's on-chain ecosystem continues to expand at an accelerated pace, evidenced by daily DEX volumes exceeding $2.76 billion and aggregate Solana-based decentralized exchanges surpassing $1 trillion in trading volume since January. This impressive liquidity surge is reinforcing Solana’s position as a leading DeFi hub, with protocols such as Kamino driving further ecosystem engagement and innovation. Irish DeFi users remain well-served, as major Solana-based dApps and liquidity pools are accessible from Ireland via popular wallets like Phantom and Solflare, with no service restrictions currently impacting the Irish market.

Solana’s price action stays resilient, posting a mild weekly dip but showing strong technical support and positive short-term outlook. Despite a slight 1.7% decline over the past week, SOL has rebounded decisively from the $140 support level and now trades above its 50-day moving average at $152.42. The Relative Strength Index (RSI) is holding at 51.55, indicating moderate bullish momentum. Technical analysts see potential for further upside if resistance at $160–$164.50 is decisively breached. Irish investors, who can access SOL on local branches of major international exchanges (such as Coinbase and Binance), are thus seeing market conditions that support cautious optimism in the Solana short-term trajectory.

Solana governance embarks on a pivotal shift with an active proposal to dramatically cut network inflation rates. A major governance debate on the SIMD-0228 proposal—aimed at reducing annual network inflation from ~4.5% to 0.87%—is underway, with strong backing from Solana’s leadership including founder Anatoly Yakovenko. Such a move would substantially decrease new SOL issuance, potentially increasing the long-term scarcity and value proposition for holders and stakers worldwide, including the Irish community. This development, closely monitored by institutional and retail stakeholders, is widely viewed as a fundamentally positive signal for SOL’s supply dynamics.

Innovative technical fundamentals and rapid ecosystem growth continue to attract Irish developers and users to Solana. Solana’s Proof-of-History consensus and high-throughput network architecture remain strategic advantages, enabling fast, low-cost transactions that power a vibrant ecosystem spanning DeFi, NFTs, and gaming. Local developer activity in Ireland has grown in line with global trends, supported by educational initiatives and hackathons that spotlight Solana’s developer-friendly environment. Irish blockchain entrepreneurs and technical teams are increasingly leveraging Solana to build and deploy new Web3 applications targeting both local and global audiences.

Access to Solana staking opportunities and wallet support remains optimal for Irish users, with stable yields and security. SOL token holders in Ireland benefit from seamless staking via major wallets like Phantom and Ledger, which provide simple interfaces for delegation and yield tracking. While current average staking rewards are variable depending on validator selection, yields remain competitive thanks to Solana’s Proof-of-Stake design and ongoing network performance improvements. Notably, the potential reduction in inflation could further enhance staking appeal for Irish participants seeking low-risk exposure to network rewards.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.