$SOL has some exciting updates and developments:
Recent Updates
- Solana Network Enhancement: A significant update, version v1.18, is set to be released on May 27 for its mainnet beta, aiming to tackle ongoing congestion issues and bolster infrastructure.
- Block Capacity Increase: The upcoming upgrade will raise block capacity by 20% and improve developer tools, enhancing throughput and scalability.
- Data Availability Layer: Anatoly Yakovenko proposed a data availability layer to connect cross-chain data across leading networks, boosting blockchain interoperability ¹ ².
Ecosystem Growth
- DEX Volume: Solana's decentralized exchange (DEX) volume reached $806.8 billion in 2025, with over half of the gains in January.
- DeFi Development Corp: DeFi Development Corporation surpassed $100 million in Solana holdings, purchasing 172,670 Solana tokens for approximately $23.6 million.
- Partnerships: DigitalX Limited partnered with SOL Strategies for Solana staking via BitGo, while Superstate launched Opening Bell, a platform for SEC-registered public shares trading on Solana
Market Performance
- Current Price: Solana's current price is $177.06, with a 0.63% increase in the last 24 hours and a 23.78% surge in the last 7 days.
- Price Prediction: Analysts predict a
potential breakout, with Solana's price target reaching $180-$300