Here is an updated summary of Solana ($SOL ): where it is now, what has happened, what moves it, and where things could go.
📊 Recent data
The price is around US $ 235-$240 according to CoinGecko.
In euros, according to Kraken, SOL is trading close to € 179-€ 180.
Its market capitalization is around US $ 128-130 billion.
🎯 All Time High (ATH) of Solana
SOL reached its all-time high (ATH) on January 19, 2025, at around US $ 293.31.
In euros, that ATH was approximately € 251.55, also on that same day.
This means that today it is between 30-35% below that maximum in both currencies.
🔍 News / important updates
1️⃣ Upgrade "Alpenglow" approved:
On September 1, 2025, the update "Alpenglow" was approved, replacing the TowerBFT consensus with something called Votor and Rotor.
This improvement reduces transaction finality latency from ~12.8 seconds to ~150 milliseconds. This makes it competitive with Web2 platforms in terms of speed, important for use cases like real-time gaming, trading, etc.
2️⃣ Potential ETFs / regulated products:
There are signs that spot ETFs including Solana could be approved, which would bring greater institutional flow if it materializes.
3️⃣ DeFi ecosystem / stablecoins on Solana:
The supply of stablecoins on the Solana network has reached levels not seen in years, indicating that many users are moving capital into stablecoins within the ecosystem.
This may indicate a sentiment of caution or "wait&see", where some are waiting for clearer conditions before moving stablecoin funds to other cryptos.
⚠️ Risks and what to watch
Although latency has improved with "Alpenglow", it still depends on operational aspects such as security, validator redundancy, etc. If there are failures or attacks, it could affect trust.
Regulations: any changes in crypto policies or regulatory requirements for ETFs could have a significant influence.
Volatility: Solana has shown strong increases, but also marked corrections. Being too close to the ATH can lead to profit-taking by those who bought earlier.
Transaction costs / fees. Although historically SOL has stood out for low fees, if the network becomes heavily congested or if there are changes in the fee model, it could affect its appeal.
🔮 Projections
If SOL regains momentum, a reasonable target to return to the ATH would be to break key resistances and expect institutional flow (e.g., via ETFs) + greater adoption in DeFi, gaming, NFTs, etc.
Some analyses believe it could surpass US $ 300-350 if technical improvements continue + good macroeconomic environment.
However, if the global crypto market cools or liquidity decreases, it could retreat to support levels around ~US $ 180-220.
