Solana Price Targets $156 After Kazakhstan Blockchain MoU

Solana (SOL) is once again making headlines—this time for striking a landmark agreement that could significantly accelerate its global adoption. In a bold expansion move, the Solana Foundation has signed a Memorandum of Understanding (MoU) with Kazakhstan, aiming to create Central Asia’s first SOL-based economic zone. The news has ignited a wave of excitement across the crypto community, with SOL’s price action showing early signs of bullish momentum. Market watchers are now asking: could this deal be the fuel Solana needs to reach $156?

Kazakhstan’s growing influence in the global crypto space adds weight to the agreement. The country accounts for nearly 20% of global crypto trading volume, making it a strategic location for blockchain development. By choosing Solana, Kazakhstan has effectively backed the network as a critical infrastructure layer for the region’s future digital economy. This partnership doesn’t just enhance Solana’s reputation—it opens the door for expanded usage, institutional involvement, and possibly even regulatory integration in a fast-emerging crypto hub.

Following the MoU statement, Solana’s trading volume surged nearly 20%, signaling renewed interest among both short-term and long-term investors. While the immediate price reaction has been relatively muted—SOL is currently trading around $134.49, down just 0.67%—technical indicators and on-chain metrics suggest that a larger move may be on the horizon.

Data from blockchain analytics platform Artemis paints a strong fundamental picture for Solana. The network consistently leads in daily active addresses and transaction volume, with over 1 million users per day. It also processes between 100 to 120 million transactions daily, vastly outperforming rivals like Ethereum, Avalanche, and Polygon. This consistent performance underpins Solana’s status as one of the most scalable and active blockchains in the industry, a key reason why Kazakhstan selected it for regional adoption.