Solana: The Engine of High-Speed Blockchain and Current Recovery
On November 13, 2025, the price of SOL fluctuated around $153, falling approximately 4.4% in 24 hours to a low of $151.65, dragged down by a correction in US stocks and a VIX (fear index) rising to 24 (extreme fear). Trading volume reached $5.876 billion.
However, institutional enthusiasm remained strong: the Solana ETF saw net inflows of $351 million for 11 consecutive days, totaling over $342 million, with Bitwise BSOL and Grayscale GSOL leading the way, offsetting retail sell-offs.
On-chain data was impressive: transaction fee revenue reached $763,800 in the past 24 hours, project revenue reached $106,000, and although DEX liquidity experienced a 65% fluctuation, meme trading rebounded by 30%.
Analysts flashed a TD Sequential buy signal, with support at $150 holding firm, predicting a rebound to $195-$200 by the end of the year, and a potential surge to $260 next year.
Despite short-term pressure, Fidelity plans to invest $1 billion in its ecosystem fund, and Solana's "Ethereum killer" narrative is rapidly evolving. In the wave of AI-DeFi convergence, it is not only a speed champion but also a pioneer of sustainable innovation. Investors should hold the $150 mark and embrace its high throughput appeal.
Solana (SOL), founded in 2017 by former Qualcomm engineer Anatoly Yakovenko and launched its mainnet in 2020, is a representative of high-performance Layer 1 blockchains. Through its innovative Proof of History (PoH) consensus mechanism combined with Proof of Stake (PoS), it achieves thousands of transactions per second (TPS up to 65,000) with gas fees as low as $0.00025, far exceeding Ethereum's congestion bottlenecks. PoH acts like a "blockchain clock," efficiently sorting events, optimizing network throughput, and supporting the DeFi, NFT, and gaming DApp ecosystems. SOL tokens are used for transaction fees, staking rewards, and governance. The total supply is unlimited, but the inflation rate decreases (from 8% to 1.5%), with a circulating supply of approximately 539 million tokens. As of 2025, its market capitalization exceeded $85 billion, ranking it as the sixth largest cryptocurrency. It boasts a developer community of over 100,000, a TVL exceeding $10 billion, and drives Web3 mobile applications such as the Saga phone.
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