Solana Update January 2025
Solana has experienced significant developments and milestones in January 2025.
Network Activity
Solana processed $1.6 trillion in stablecoin transfers in January 2025, surpassing both Ethereum and Base. The blockchain has issued $11 billion in stablecoins, with USDC leading at $8.5 billion 1.
Decentralized exchange (DEX) activity on Solana saw a significant surge, with trading volume reaching $120.6 billion, a 323.3% increase over a seven-day period. While DEX volumes have dropped from the peak of $36 billion, they've maintained around $9 billion to $10 billion. Total volume exceeded $200b for January, becoming the first chain to break $200B in monthly DEX volume 2 3.
Market Dynamics
Solana is facing potential sell pressure from unlocked FTX tokens and Grayscale Trust shares. The largest FTX estate Solana unlock is scheduled for March 1, 2025, when $2.58 billion worth of tokens will become available 4.
Institutional Interest
Major financial players like Franklin Templeton and Société Générale have shown increased interest in Solana, attracted by its growing infrastructure and potential 5.
Regulatory Landscape
While there's speculation about the approval of Solana ETFs, industry experts suggest that SOL ETFs are unlikely to be approved in the US "anytime soon" 6.
Inflation Mechanism Proposal
Multicoin Capital, an early Solana investor, has proposed changing SOL emissions from a fixed schedule to a market-based solution. This proposal aims to adjust inflation based on staking rates, potentially lowering inflation and reducing staking yields 7.
Product Launches
Solana Mobile's Seeker phone is expected to launch in mid-2025. The phone, priced at $500, had garnered 145,000 pre-orders as of October 2024. Several dozen Solana teams are developing for its dedicated dApp store 8.
Jump Crypto's Firedancer, a new Solana validator client, is set for a full rollout in 2025. This software, in development since 2022, is highly anticipated by the Solana community 9.
Solana’s outlook continues to look promising heading into 2025.
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References
- https://www.binance.com/en/square/post/19508945588177
- https://crypto.news/solana-vs-ethereum-who-will-take-the-lead-in-2025/
- https://x.com/crystaltaixyz/status/1883575122595914161
- https://blockworks.co/news/sol-investors-shrug-off-unlocks
- https://www.coindesk.com/markets/2024/11/05/its-so-early-how-solana-is-competing-with-ethereum-for-institutional-interest?utm_medium=referral&utm_source=rss&utm_campaign=headlines
- https://blockworks.co/news/us-sol-etfs-unlikely-to-be-approved-soon
- https://blockworks.co/news/solana-weighing-sol-inflation-cut
- https://blockworks.co/news/2025-solana-product-launches
- https://blockworks.co/news/2025-solana-product-launches
