Solana made a significant mark in 2025, distinguishing itself as the leading blockchain in revenue generation. Despite this remarkable financial success and consistent on-chain activity, the cryptocurrency has faced substantial market headwinds, battling a bearish trend that has challenged its price structure and market sentiment.
A Year of Revenue Dominance
The Solana blockchain emerged as the top revenue-generating network in 2025, achieving an impressive $1.3 billion. This outstanding performance placed it ahead of other prominent chains like Hyperliquid and TRON, underscoring its robust adoption and high on-chain usage throughout the year. Such a strong financial showing highlights Solana's growing ecosystem and its ability to attract and sustain network activity.
Current Market Headwinds and Price Action
Despite its stellar revenue, Solana's bullish momentum was abruptly halted by a significant market crash around October 10th, sending its price below the $200 mark and ushering in a bear-dominated market. Currently, SOL is navigating a challenging landscape, with the $130 zone acting as a firm resistance level while finding some support around the $120-$117 area. The daily price structure remains bearish, with indicators like the Chaikin Money Flow (CMF) pointing to sustained capital outflows, indicating heavy selling pressure. While the severe downtrend has shown signs of slowing in recent weeks, a clear uptrend has not yet been established. Instead, Solana has consolidated into a short-term trading range between $117 and $128. For a significant bullish reversal, SOL would need to close a daily trading session above the local swing high of $127.87, coupled with a broader market structure shift, potentially catalyzed by a rally in Bitcoin and an overall improvement in market sentiment. Traders are advised to exercise patience, awaiting a definitive breakout or breakdown from the current range.
