Solana Poised For Growth In 2025 With Record $173 Million Q3 Funding—Report

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	461,437,384,044	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

461,437,384,044

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-66.13	-1.70%	3,821.51	3,821.10	3,821.51

Price Change

Price Change %

Current Price

Bid Price

Offer

-66.13

-1.70%

3,821.51

3,821.10

3,821.51

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,903.87	3,814.00	3,893.32	3,887.64	2,080.02 - 4,109.67

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,903.87

3,814.00

3,893.32

3,887.64

2,080.02 - 4,109.67

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	04:53:01	0.000381	3,821.51	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

04:53:01

0.000381

3,821.51

USD

Price x Volume	Volume	Base Symbol	Related Pairs
95,088,711.06	24,626.79	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

95,088,711.06

24,626.79

Solana Poised For Growth In 2025 With Record $173 Million Q3 Funding—Report

18/12/2024 1:00am

NEWSBTC

According to Messari’s most recent analysis, Solana (SOL) is primed for explosive expansion in 2025, fueled by major funding, technological improvements, and growing institutional interest. Related Reading: The $589 XRP Dream: Believers Aren’t ‘Delusional’ Enough, Expert Says The study indicates that in the third quarter of 2024 Solana’s ecosystem funding reached $173 million, the highest level since mid-2022. This money flow shows a strong conviction in Solana’s ability to be the top blockchain platform. Solana: Key Drivers Of Growth One of the key reasons for this positive prognosis is the upcoming introduction of a spot SOL Exchange-Traded Fund (ETF). As regulatory conditions improve, experts predict that institutional investors will flock to Solana, increasing its market position. We are so back! The Messari Theses for 2025 is live and available for free. Jump into the full report now ⬇️ pic.twitter.com/AzOZhiAib5 — Messari (@MessariCrypto) December 16, 2024 The introduction of a spot ETF might result in considerable financial inflows, placing Solana as a viable competitor to other cryptocurrencies such as Bitcoin and Ethereum. Moreover, ongoing improvements to Solana’s infrastructure are anticipated to augment its performance. Jump Trading’s Firedancer client pledges to enhance transaction velocities and network scalability. The preliminary implementation has commenced, with complete deployment anticipated in 2025. This enhancement will broaden client alternatives while bolstering network security by reducing dependence on a singular codebase. Institutional Interest And Market Sentiment Reflecting the increasing institutional interest in Solana, companies like VanEck and Bitwise have lately registered for a spot SOL ETF. This action points to Solana’s unique value proposition as a high-performance blockchain starting to be acknowledged by conventional finance. If this tendency keeps up, many predict SOL’s price would soar to new heights; some even project it may hit $4,000. Solana’s market attitude remains positive, particularly after it just went past the $220 price level. If the movement continues, analysts anticipate SOL will reach its previous all-time high of $263. The combination of increased capital, technological breakthroughs and institutional support fosters Solana’s expansion. Related Reading: New ATH: Bitcoin Tops $106K—Is FOMO And Strategic Reserve The Game-Changer? Looking Ahead: A Promising Future Looking ahead to 2025, Messari’s insights offer optimism for Solana’s growth. Favorable regulations, cutting-edge advancements like Firedancer, and rising institutional interest hint at transformative opportunities for the ecosystem. With these elements aligning, Solana could firmly establish itself as a dominant force in the digital currency landscape. At the time of writing, SOL was trading at $222.29, up 2.4% in the daily and weekly timeframes, data from Coingecko shows. Featured image from DALL-E, chart from TradingView

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