Solana 2025 price outlook: From plunge 60% to recovery 132%, DeFi growth and ETF hotly discussed

Solana soared 132% in 2025, thanks to strong growth in the on-chain markets of DeFi, NFT and DePIN. Firedancer upgrades are designed to solve reliability issues, enhance stability and scalability. Institutional investors are growing interest as listed companies hold $600 million worth of Solana and a spot ETF application awaiting the Securities and Exchange Commission’s (SEC) approval. The network processed over 2,300 transactions per second, with a total locked value (TVL) of $7.8 billion and maintained over 40 weeks of uptime.