Solana price has once again surged past $200, reigniting talk of a potential new all-time high. The last time SOL came this close to its peak was back in January 2025, when the token hit $293. Now, momentum is building once again. According to top crypto analyst Ali (@ali_charts), the recent price breakout signals something much bigger.
Ali explains that Solana has broken out of an ascending triangle pattern, a classic bullish setup on the charts. This move, he says, could push SOL price towards a range between $300 and $360 in the near term. From a technical perspective, this breakout confirms strong buyer interest and increasing confidence in Solana’s upside potential. And this time, it’s not just hype or speculation driving the rally.
Solana Price Gets a Boost from Real Usage and Institutional Traction
A big part of the current Solana price pump is what’s happening behind the scenes. According to reports from Milk Road, Solana is putting up some of the strongest numbers in the entire crypto market, even if it’s not always in the headlines. The project is seeing massive user activity, institutional partnerships, and real-world adoption — all of which are adding fuel to the rally.
In June alone, Solana handled 2.3 billion transactions. And July is already tracking ahead of that number. This kind of usage isn’t just noise. More transactions mean more activity on the network, which often leads to more value being captured by the ecosystem. It shows that Solana is not only alive but growing fast.
One of the biggest developments is Solana’s new partnership with Fiserv, a $96 billion fintech company. Fiserv is launching its new USD stablecoin, FIUSD, directly on the Solana blockchain. This is a strong sign that major financial players are beginning to trust Solana’s infrastructure to handle real-world use cases. It’s no longer just retail traders driving the network.
Solana isn’t trending.
But it’s quietly putting up the strongest numbers in the entire market.
Real usage. Institutional traction. And now, Wall Street exposure.
Here’s what most are missing on $SOL
( a thread ) pic.twitter.com/m1LUGj6XCK
— Milk Road (@MilkRoadDaily) July 19, 2025
Solana’s Economy Is Expanding Rapidly
The numbers surrounding Solana’s growth are staggering. In the last six months, the Solana network saw $615 billion in trading volume. That figure alone is more than what many alternative Layer 1 blockchains have ever achieved. This kind of activity shows that users are actively trading, builders are creating new tools, and money is flowing into the ecosystem in a way that’s rarely seen outside of Bitcoin or Ethereum.
According to Milk Road, decentralized apps built on Solana generated $2.36 billion in revenue during Q1 2025. They called it “Solana’s GDP” — and it’s continuing to grow. This level of value creation puts Solana among the most active and valuable networks in crypto right now.
Beyond that, institutions are also starting to get involved. Bullish, a major trading platform, is moving its custody and trading infrastructure onto Solana. They’ll be using native stablecoins, further validating the network’s security and efficiency. And in another sign of institutional adoption, the first US-listed Solana Staking ETF, called $SSK, is now live. Created by REX Shares, this ETF offers exposure to both SOL price and onchain staking rewards, with 100% of the staking yield passed on to investors.
Infrastructure Improvements Have Reinforced Investor Confidence
Solana’s current rally is also supported by its technical performance. Since the February 2024 outage, Solana has maintained 100% uptime. Over the past 16 months, the network has processed nearly 25 billion transactions without going offline. This has helped rebuild trust in the chain after earlier reliability issues.
Many investors had once questioned Solana’s long-term potential because of those early network outages. But now, with stability proven and performance consistent, that narrative is changing. For analysts like Ali, this improved track record only strengthens the bullish case for SOL price.
Read Also: Analyst Says Polygon (POL) Token Is Not a Good Buy Right Now, Here’s Why
What Comes Next for SOL Price?
With SOL price above $200 and closing in on $293 again, traders and analysts are closely watching the next moves. The technical breakout described by Ali has already played out on the charts, and the setup for a push toward $300 to $360 is in place. If usage continues to rise and more institutions come in, that price range may not be far off.
The key difference this time is that the rally seems to have a solid foundation. It’s not just a meme pump or a temporary spike. Solana’s network activity, developer adoption, and institutional support all appear to be working together to drive a sustainable uptrend.
So while Solana may not be trending on social media, the fundamentals are speaking loudly. And for now, the chart and the data both suggest that SOL could be the next token to hit a new all-time high.
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