Solana Price Prediction: Solana Hits $1.2B in App Revenue

In Q1 2025, Solana recorded its strongest 12-month performance, with total application revenue soaring to $1.2 billion—a 20% increase from the previous quarter’s $970.5 million. January alone contributed nearly 60% of this total, making it the most profitable month.

Leading the charge was meme coin launchpad Pump.fun, which generated $257 million in revenue, followed by the Phantom wallet with $164 million.

This surge in application revenue reflects a broader positive momentum for the Solana network itself, which has seen its token price rise from lows around $95 to highs nearing $173 in recent months.

The success of meme coins on Solana defies the narrative that such tokens are fading, with several projects like $TRUMP, $BONK, and $FARTCOIN showing strong gains and capturing significant market attention.

Solana Price Prediction

Solana’s recent price action has shown some positive signs, with the cryptocurrency managing to bounce back after dropping to around $164. The fundamentals remain strong, supported by solid economic activity and one of the best weeks for trading volume since February, despite a recent dip in DEX volumes.

Technically, Solana reclaimed an important balance zone near the 365-day rolling VWAP, which could signal potential for a bullish breakout if sustained. However, the recovery into this range came with low volume, which raises concerns about the strength and sustainability of the move.

The critical support level to watch is $167—holding above this price with solid volume is key to maintaining stability and avoiding a further drop toward $156.

Solana’s Network Struggles Spark Demand for Solaxy, a High-Utility Layer 2 Project

However, Solana’s rapid growth and increasing transaction volume have also caused congestion on the Solana network, similar to previous instances 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 named Solaxy (SOLX) is underway. Designed to be infinitely scalable and multi-chain compatible, Solaxy aims to alleviate network congestion while maintaining the viral appeal of meme coins.

The presale has successfully raised over $37 million, showing strong ongoing interest even as broader market conditions remain challenging.

As a scaling solution designed to prevent overload on the Solana blockchain when meme tokens launch, Solaxy addresses a critical need in the ecosystem, making it an appealing project for investors looking at the future of Solana-based tokens.

Development updates reflect active progress, with the team fixing user interface issues and enhancing the overall user experience. Notably, Solaxy has introduced a testnet, which is uncommon for many meme coin projects, suggesting a more serious and functional use case behind the token.

The testnet’s performance metrics, such as transaction count and transactions per second, demonstrate a working and evolving blockchain environment. Upcoming features like a bridge, an integrated development environment (IDE), and a wiki indicate a roadmap focused on expanding utility and accessibility.

The $SOLX token is currently available for purchase directly through the Best Wallet app at a price of just $0.001728 per token. Buyers have the convenience of using either cryptocurrency or a traditional bank card to complete their purchase.

For early adopters looking to maximize returns, staking is also available at an attractive annual percentage yield of 107%. So far, more than 10.7 billion $SOLX tokens have already been staked, highlighting the growing confidence and interest in the project among early investors.

The token will be tradable on both centralized and decentralized exchanges after the presale, with hopes for listings on reputable platforms to boost liquidity and exposure.

The combination of strong DApp performance, growing institutional interest, and ongoing infrastructure improvements like the Solaxy Layer 2 solution suggests that Solana is poised for continued growth and relevance among altcoins.

With growing adoption and utility, the Solana blockchain could further solidify its position as a leading altcoin platform, attracting more investors. To take part in the $SOLX token presale, visit solaxy.io.

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