Solana is redefining blockchain standards with a network activity 47 times higher than Ethereum. Driven by the hype around memecoins and competitive fees, the blockchain aims for an ambitious $200 target for SOL. Discover the reasons behind this rapid rise and the technical signals confirming its bullish potential.
Solana (SOL), the rapidly growing layer 1 blockchain, is experiencing an impressive acceleration in its on-chain activity that could drive its price towards the symbolic threshold of $200. In a context of renewed interest in memecoins, the Solana blockchain is confirming its rise and is clearly outperforming Ethereum on several key metrics.
Indeed, according to data from the Nansen analytics platform, the Solana network has processed over 410 million transactions in the last 7 days – representing a weekly increase of 10%. This acceleration coincides with the boom of several native memecoins in the Solana ecosystem, such as Bonk, Dogwifhat (WIF), Fartcoin, and Official Trump.
By comparison, Ethereum, considered the benchmark for smart contracts, has only handled 8.6 million transactions over the same period. In other words, Solana is currently 47 times more active in daily transaction volume. This differential continues to widen. In the last 30 days, Solana has processed 1.58 billion transactions, compared to only 36 million for Ethereum.
Significantly, this rapid activity is not at the expense of the revenue generated by the Solana network. On the contrary, blockchain fees collected have surged by 22% in the week, reaching $9.3 million. Ethereum, on the other hand, has generated “only” $4.45 million – half of Solana’s.
Since the beginning of 2025, total fees collected on Solana have already reached $400 million, compared to $241 million for Ethereum. This strong performance solidifies Solana as a profitable and scalable infrastructure.
At the time of writing, the SOL price is trading around $149.25, slightly below the weekly high point of $156. This level represents a rebound of over 52% from the annual low.
On the daily chart, the key support at $121 remains intact, and the price is above the 25 and 50-day weighted moving averages. A bullish flag pattern is forming, a potentially explosive technical setup.
SOL must hold above $132 in the medium term. Despite dropping to $140 yesterday, SOL bounced back and could trend towards the next liquidity area.
According to the FBB (Fibonacci Bollinger Band) on the 2H chart, SOL could reach the range between $159 and $165 in the coming days. Moreover, the narrowing of the Bollinger bands on the 1H indicates that a strong bullish movement could occur in the next 48 hours.
Subsequently, if BTC continues its rise beyond $100,000, SOL should target $200 in the following weeks.
A confirmed breakthrough of $160-$169 would reignite the bullish momentum, while a break below $121 would invalidate this outlook.
In conclusion, the Solana blockchain is no longer just an alternative to Ethereum: it is now setting its own pace thanks to its technical performance and ultra-competitive transaction costs. With its current momentum, both fundamentally and technically, the $200 threshold for SOL seems more achievable than ever.
In the short term, SOL is clearly bullish and could trigger a 10 to 30% increase. For those looking to purchase the token, here is a guide to get it on Bitget:
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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