The post Solana Price Prediction: Solana Hits $1.2B in App Revenue appeared on BitcoinEthereumNews.com.

In Q1 2025, Solana recorded its strongest 12-month performance, with total application revenue soaring to $1.2 billion—a 20% increase from the previous quarter’s $970.5 million. January alone contributed nearly 60% of this total, making it the most profitable month. Leading the charge was meme coin launchpad Pump.fun, which generated $257 million in revenue, followed by the Phantom wallet with $164 million. This surge in application revenue reflects a broader positive momentum for the Solana network itself, which has seen its token price rise from lows around $95 to highs nearing $173 in recent months. The success of meme coins on Solana defies the narrative that such tokens are fading, with several projects like $TRUMP, $BONK, and $FARTCOIN showing strong gains and capturing significant market attention. Solana Price Prediction Solana’s recent price action has shown some positive signs, with the cryptocurrency managing to bounce back after dropping to around $164. The fundamentals remain strong, supported by solid economic activity and one of the best weeks for trading volume since February, despite a recent dip in DEX volumes. Technically, Solana reclaimed an important balance zone near the 365-day rolling VWAP, which could signal potential for a bullish breakout if sustained. However, the recovery into this range came with low volume, which raises concerns about the strength and sustainability of the move. The critical support level to watch is $167—holding above this price with solid volume is key to maintaining stability and avoiding a further drop toward $156. Solana’s Network Struggles Spark Demand for Solaxy, a High-Utility Layer 2 Project However, Solana’s rapid growth and increasing transaction volume have also caused congestion on the Solana network, similar to previous instances in late 2023 and early 2024, resulting in slower transaction speeds and higher fees. To address these scalability challenges, the development of a…

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Filed under: News - @ May 19, 2025 6:28 am