Solana (SOL) has experienced a strong surge in April 2025, rebounding over 40% from its April 7 low of $95.23 to surpass $135. This rally is driven by increased on-chain activity, including the launch of LaunchLab—a rival to Raydium’s Pump.fun—and the announcement of Solaxy (SOLX), Solana’s first Layer 2 solution, which raised $30 million in presale funding. Further boosting confidence, the world’s first Solana spot ETF debuted on the Toronto Stock Exchange. While short-term consolidation is possible, bullish sentiment and strong fundamentals suggest Solana may continue its upward momentum in the near future.
