$SOL True Markets Raises $11M in Series A, Launches Mobile-First DeFi Trading App on SolanaThe crypto firm has launched its trading app on the Solana blockchain.Seed investors Paxos Ventures and the Solana Foundation, continue to support the firm, True Markets said.

As of May 21, 2025, Solana (SOL) is trading at approximately $167.04, reflecting a modest daily gain of 1.83%. The cryptocurrency has experienced fluctuations between $164.64 and $172.57 over the past 24 hours.

Solana's price has been oscillating between $158 and $175 throughout May. Analysts suggest that a breakout above $175 could lead to a retest of the $183 resistance level, while a drop below $158 might result in a deeper correction towards $148 .

Institutional interest in Solana is on the rise, with over 65% of SOL's supply currently staked. Additionally, the network's decentralized applications (dApps) generated $1.2 billion in revenue in Q1 2025, indicating robust ecosystem growth .

In a significant development, MetaMask has announced native support for Solana, allowing users to store SOL tokens and interact directly with Solana dApps through the MetaMask wallet. This marks MetaMask's first expansion beyond Ethereum Virtual Machine (EVM)-compatible chains .

Looking ahead, price predictions for Solana in 2025 vary. Some forecasts suggest a potential high of $400, with an average trading price around $325 . Other analysts predict a more conservative range between $151.68 and $329.30 .

Overall, Solana's recent developments and growing institutional interest suggest a promising outlook for the cryptocurrency. However, as with all investments, potential investors should conduct thorough research and consider market volatility before making decisions.