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Solana Latest Updates: Institutional ETF Buzz and Technological Enhancements Help Solana Resist Market Decline

Solana Latest Updates: Institutional ETF Buzz and Technological Enhancements Help Solana Resist Market Decline

Bitget-RWA2025/10/23 21:28
By:Bitget-RWA

- Solana (SOL) trades near $189.80 in October 2025, showing resilience amid volatility with institutional support and strong on-chain metrics. - Institutional demand surges as 17.1 million SOL tokens (3% supply) are locked in corporate treasuries and ETFs, including $3.08B in holdings by FORD and Galaxy Digital. - Hong Kong's first Solana ETF approval and network upgrades like Alpenglow (150ms block finality) position SOL to challenge Ethereum in gaming and high-frequency trading niches. - Despite 212% net

Solana (SOL) has demonstrated notable strength amid market turbulence, maintaining a price close to $189.80 in October 2025, as reported by

. Multiple bottom patterns indicate ongoing institutional backing and active on-chain participation. After hitting a record high of $294.33 earlier in 2025, the token has experienced some short-term pullbacks but continues to trade above essential support zones, drawing analogies to Bitcoin’s performance following ETF approval. Experts credit this steadiness to increased institutional involvement, regulatory advancements, and strong network statistics, establishing as a significant contender among smart contract platforms.

Solana Latest Updates: Institutional ETF Buzz and Technological Enhancements Help Solana Resist Market Decline image 0

Interest from institutional investors in

has climbed sharply, with corporate treasuries and ETFs now holding over 17.1 million SOL—almost 3% of the total supply, according to . (NASDAQ: FORD) and have been at the forefront, accumulating $1.58 billion and $1.5 billion in SOL, respectively. The approval of Hong Kong’s first Solana spot ETF in late October 2025 has further fueled this momentum, drawing comparisons to Ethereum’s pre-ETF surge in 2021. Open interest in Solana futures reached a record $8.55 billion as institutional and corporate players seek long-term positions.

Despite price swings, Solana’s on-chain metrics remain robust. Daily active addresses exceeded 2.2 million in October 2025, marking a 60% increase year-over-year, while its DeFi ecosystem’s Total Value Locked (TVL) reached $12.2 billion in September. Network revenue jumped 212% to $2.1 billion, outpacing Ethereum’s 94% growth, thanks to low transaction fees and a dominant stablecoin share (75% USDC). Recent updates from the Solana Foundation emphasized the network’s throughput, handling 6,000–10,000 transactions per second during peak periods—a trend also noted in

.

From a technical perspective, Solana is consolidating between $184 and $195, with the 200-day EMA at $173.95 acting as a crucial support. A move above $195 could spark a rally toward $203–$210, while a drop below $175 may expose the $160–$170 support range. Momentum indicators, such as an RSI around 32.4, point to oversold conditions, as highlighted in

. Analysts warn that broader economic factors, including the Federal Reserve’s interest rate decisions, continue to pose challenges.

The Solana ecosystem is expanding rapidly, with 11,500 new developers joining in 2025 and projects like

pushing DEX trading volumes to $1.2 billion per day. Forthcoming upgrades, such as the Alpenglow consensus update planned for late 2025, aim to cut block finality to 150 milliseconds and boost scalability. Rumors of a Solana Foundation debit card and the Firedancer upgrade (targeting 100,000 TPS) are also fueling speculation about broader adoption.

With growing institutional interest, regulatory advancements, and ongoing technological improvements, Solana is well-placed to challenge Ethereum’s lead in sectors like gaming and high-frequency trading. JPMorgan estimates Solana ETFs could attract $1.5 billion in inflows, while Grayscale’s staking feature for its Solana Trust (GSOL) highlights increasing acceptance. Nonetheless, risks remain, including macroeconomic uncertainties and competition from

Chain and Ethereum’s Pectra upgrade.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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