Key Insights:
- SOL price eyes a breakout as Solana DApps revenue outperformed all other chains across both Layer 1s and Layer 2s for 18 consecutive months.
- The revenue cooled to $133 million in October according to a report by Syndica, with leading the protocols with annual revenue of $1 billion.
- AI agents are taking off, prediction markets are gaining traction, and integrations with companies like Western Union, Cash App, and SoFi are pushing Solana into real consumer channels.
Solana (SOL) DApps revenue outperformed all other chains across both Layer 1s and Layer 2s for the 18th consecutive month, led by meme coin protocol Pump.fun with nearly $1 billion.
Other chains that made significant revenue but didn’t come close to Solana are Hyperliquid, Ethereum, the Binance Smart Chain, and Coinbase Base.
The Solana network continues to attract all sorts of decentralized finance apps and gaming platforms. As such, revenue is likely to keep growing as most of the Solana DApps attract a large number of users.
The more users across the Solana ecosystem, the higher the potential for a SOL price rally. As per an expert analysis, the altcoin could rally to $400 when bulls clear the $195 – $225 price levels.
SOL Price in Focus as Solana DApps Revenue Beats Other Chains
As per the latest report by Syndica, the data paints a clear picture of shifting momentum across the Web3 landscape, with Solana still holding a dominant position even as its share retreats from last year’s peaks.
Solana revenue share remains the clear standout on the multichain chart, although the line has been trending lower through 2025.
The overall trend also suggests the market is becoming more competitive, yet no chain has come close to replacing Solana (SOL) as the primary engine of Web3 revenue.
At the same time, the monthly revenue chart shows that Solana DApps economy is still remarkably strong. Revenue cooled to $133 million in October, but that figure remains well above the $100 million floor the ecosystem has held since October 2024.
The surge earlier this year, particularly the spike that followed the launch of the $TRUMP meme coin, set a high watermark that other months have naturally struggled to match.
The chain’s share of total Web3 revenue may be normalizing, but the underlying revenue levels remain healthy and stable. In a market known for abrupt swings, that stability stands out.
SOL Price Targets $300 If This Setup Plays Out
Solana is taking a breather, but the SOL price chart still shows a market that’s cooling off in a controlled way rather than breaking down.
According to analyst Stitch, the 4-hour timeframe SOL price chart shows the altcoin eased into the $139–$140 area after sliding from the recent $171 peak.
The pullback hasn’t been chaotic. Instead, every leg lower has come with quick, modest bounces, and the selling pressure is starting to lose its bite.
The moving averages are trending lower, but the candles are tightening right at support—a common sign the market is running out of sellers, not confidence.
The level Solana is testing now matters because it has acted as a floor several times. The $138–$140 zone has caught buyers before, and price is once again pressing into it with smaller candles and lighter follow-through.
Markets often settle at levels like this before they reverse, especially after a sharp drop.
Where the case for higher prices really builds is in the underlying flow of capital. As stitchdegen pointed out, ETF inflows have already exceeded $342 million, and major funds have increased their exposure by more than 670%.
Those numbers aren’t retail noise but reflect long-term buyers stepping in even as price pulls back. Historically, Solana’s strongest rallies have followed these periods of quiet institutional accumulation.
The fundamentals support the same direction. Solana’s ecosystem is expanding at a pace few chains can match. AI agents are taking off, prediction markets are gaining traction, and integrations with companies like Western Union, Cash App, and SoFi are pushing Solana into real consumer channels.
TVL continues to rise; DEX volumes on Jupiter remain strong; and the network has stayed stable through the entire year. That consistency matters for valuations; investors reward infrastructure they can trust.
SOL Price Technical Outlook
From a technical perspective, the path toward much higher prices is already laid out. If SOL price holds the $138–$140 support, a recovery into the mid-$150s is the logical first move.
The real battle sits between $195 and $225, the next major cluster of supply. Clearing that area would open the door back to the $260 region, which is the previous high from 2021.
And this is where the proof for a move toward $400 emerges. Once an asset takes out its prior high, traders look to extensions of the previous trend.
For Solana, the standard 1.618 Fibonacci extension of the last major cycle points almost exactly to the $380–$420 zone.
In other words, the chart itself projects that area as the next major destination if Solana breaks above $260 with conviction.