The Solana blockchain platform is celebrating its fifth year in the crypto industry since its launch in 2020. The network has processed nearly $410 billion in transactions so far, with just over 1,300 validators.

Not to mention, the ecosystem also boasts impressive DEX trading volumes, nearly exceeding $1 trillion.

Solana’s Raj Gokal Encourages Crypto Community to Issue Native Tokens

In a March 16 social media post, Solana expressed appreciation for its developers and founders who have worked hard to build the network, and even suggested that the platform is planning to implement more projects for the crypto community.

Co-founder Raj Gokal also commented, leaning toward encouraging developers to introduce their own tokens. He stated, “If we could launch then, you can launch now.”

Gokal recalled what was happening on planet Earth at this same time five years ago, when everyone around the world was in quarantine, and projects, especially cryptocurrency ones, were being canceled one after another.

Anatoly Yakovenko, co-founder of Solana, also joined the celebration, wishing all the platform enthusiasts around the world a happy Solana zero block day.

Yakovenko also stated that everything is going according to plan, and given the characteristics of SOL as a blockchain, few would argue with that.

The Solana ecosystem still has over $8.5 billion in total value locked in DeFi protocols, having processed over $408 billion in transactions. Moreover, the network’s fees and revenues are more than double those of Ethereum, and the SOL token has a market cap of just over $65.5 billion.

SOL Could Surpass $300 in September 2025

Solana’s price has come under pressure, falling from $180 in February to current levels below $140. The token’s price is down slightly by 5.67% in the last 24 hours, trading at just $126.83.

The futures market paints a similar picture. Funding rates on SOL perpetual futures have been negative for three days, and short sellers are currently paying to hold their positions — a sign of low demand for leveraged longs.

Perhaps more worryingly, the accumulation has stalled. The total number of Solana wallets holding at least 10,000 SOL has fallen from 5,053 to 5,023, a signal that some large investors may be cashing out or reducing risk.

Analysts believe that SOL has enough room to recover despite the measures taken in the last few days. They even predict a 10% increase over the next month and a new record by the end of the year.

Experts also expect the token price to fluctuate between $127.50 and $150.14 and have an ROI of 12.76% over the three-month period ending in June. They even estimate the average price of the token at $135.99.

Some even predict that the asset will trade well above $300 by September 2025. On the other hand, some suggest that prices will fluctuate somewhere between $235.73 and $311.32 and an ROI of at least 133%.

💸💲🧠 Get up to 5020 USDT as a welcome bonus and an additional 1025 USDT by using this referral on  Bybit