The post Solana’s Q1 was all gas – Can SOL’s price catch up in Q2? appeared on BitcoinEthereumNews.com.

Solana ended Q1 down 34.7% from its $190 opening, undercutting structural support levels. Fundamentals alone were not enough to offset profit-taking. Solana [SOL] kicked 2025 off like it had something to prove — and it did. Q1 was defined by relentless on-chain activity, driving sustained price strength for SOL. Transaction throughput surged, active address count climbed, and network engagement hit fresh highs. But what about price action? Did that operational velocity translate into meaningful market traction? Not quite.  Despite the fundamentals, SOL closed Q1 down 34.7% from its $190 opening, mirroring broader market weakness as many peers chopped sideways. Now, as we head deeper into Q2, investors must ask: Can Solana deliver on both fronts — Robust fundamentals and a rebound in quarterly returns? Q1 snapshot: Record activity amid price pressure Messari’s deep dive breaks down Solana’s Q1 blowout in key metrics.  Chain GDP popped 20% QoQ to $1.2 billion, while stablecoin supply rocketed 145% to $12.5 billion – USDC alone up 148% to $9.7 billion. In fact, daily DEX volume hit $4.6 billion on average, spiking to a staggering $36 billion on the 18th of January — that’s more than 10% of Nasdaq’s daily trading. Source: Messari Big players like BlackRock and ApolloGlobal launched real-world assets (RWA). Plus, prediction markets like Polymarket added Solana support, showing the network is attracting serious capital and use cases. This hypergrowth over 90 days confirms Solana’s devs are methodically stacking bricks for the next big DeFi and Web3 wave, reinforcing AMBCrypto’s thesis that a spot Solana ETF could be closer than the market thinks. But let’s keep it real: Fundamentals are only half the battle.  If SOL can’t turn this on-chain strength into price alpha and reward patient holders during the FUD grind, a pullback to the Q1 floor of $95 is on…

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Filed under: News - @ May 17, 2025 2:18 pm