Institutional bets, technology stocks rise help Solana achieve breakthrough

Solana’s token SOL soared to a six-month high of $162.45 on April 24, 2025, up 21.3% in 30 days, thanks to its daily active address growth of 38% to more than 3.2 million. The rise reflects growing interest from institutional investors, with SOL's market dominance rising to 3.1% and its on-chain transaction share reaching 15%. Despite volatility concerns, strong fundamentals and new partnerships have supported its momentum in the context of regulatory scrutiny.