Key Insights:
- Solana-based ETFs recorded $7.4 million in net inflows, signaling growing institutional accumulation over speculative trading activity.
- Solana’s protocol revenue has surpassed Ethereum’s YTD 2025 totals, marking a shift in blockchain network financial leadership.
- Technical indicators show downward pressure, but strong support at $120 may drive recovery toward the $130 resistance zone.
Solana (SOL) maintained a firm position above the $120 support level, trading at $122.64 during the recent trading session. This comes despite a wider 2.26 percent pullback in the overall crypto market. Bitcoin remained under $88,000 while Ethereum hovered below $3,000, reflecting broader market caution.
Institutional sentiment for Solana appears to be strengthening. New net inflows into Solana-based exchange-traded funds (ETFs) reached approximately $7.4 million in the latest trading session. Market data indicated that the inflows were largely the result of long-term accumulation rather than short-term speculation.
Steady inflows point to long-term investor interest
Market analysts noted that consistent inflows into ETFs often signal growing confidence among institutional investors. These developments coincide with increasing usage of the Solana network and strong liquidity support, making the token more attractive to large market players.
In a significant shift, Solana’s protocol revenue has outpaced Ethereum’s year-to-date figures in 2025. According to DeFi Development Corp, Solana generated approximately $1.4 billion in protocol revenue, while Ethereum’s total stood at $522 million. This marks a major turnaround from previous years, when Ethereum consistently led in network revenue.
Historical performance highlights rapid Solana growth
Ethereum recorded its highest revenue of $5.1 billion in 2021, while Solana stood at only $28.1 million. In 2023, Ethereum’s revenue declined to $2.4 billion as Solana’s reached $28.95 million. A strong increase in 2024 pushed Solana’s revenue to $1.42 billion, while Ethereum’s was $2.5 billion. The continuation of this trend may place Solana at the top of the blockchain revenue chart by the end of 2025.
The current SOL price range lies between $120 support and $130 resistance. The Relative Strength Index (RSI) is at 40, showing a downward move, while the MACD histogram has turned red. The MACD line has crossed below the signal line, indicating bearish momentum. A break below $120 could lead to a decline toward $112. However, a strong rebound with volume may push the price back toward $130 and potentially higher.
