Solana Sees 83% Surge in Activity as ETF Approval Awaits in 2025   

• In 2024, the number of network interactions in Solana erupted by 83% due to DeFi and AI project participation. 
• DExes built on Solana achieved a trading volume higher than those in Ethereum during the last quarter of 2024. 
• Market participants expect Solana ETF approval in 2025 as regulation changes and the increasing popularity of crypto ETFs. 

Solana(SOL) blockchain had a great year in 2024 recording a significant increase in growth rate among the altcoins. The activity of the network increased by a staggering 83%, as more engaged the blockchain for use cases, from meme coins to artificial intelligence implements. All these advancements not only further affirmed Solana as a potent blockchain contender but supported comparisons with its growth rates and Nvidia stock performance. 

In the last three months of 2024, DEXs running on the Solana network were more successful than those that use Ethereum. For instance, trading volumes topped $100 billion on November 22 on Solana proving its total control of the decentralized finance (DeFi) market. This is a big achievement. We see that the blockchain does handle many transactions in a very efficient way. 

 Solana ETF Applications Waiting For Regulatory Green Light 

This year, Solana presented the noted performance, but it tried in the exchange-traded funds (ETF) area. Applications for Solana-linked ETF launches were made earlier this year, but no approval processes have been done so far. On the other hand, Ethereum has lately started experiencing the launch of its first spot ETF showing the tension for altcoins. 

High Expectations for a Solana ETF In 2025 

Experts and professionals in the industry say that although the road to gain approval for Solana ETF is likely to be long, it may be ready by 2025. In an interview, the president of the ETF Store Nate Geraci looked into the future and claimed that regulatory shifts and the changing of the guard at the U.S. Securities and Exchange Commission might bring about this outcome. As more investors speculate on crypto ETFs, the next year is shaping to be a make-or-break year for Solana. 

This year witnessed a surge in crypto ETF launches, with the top eight offerings exclusively focused on the sector. These included four Bitcoin spot ETFs, two Ethereum spot ETFs, and two ETFs linked to MicroStrategy stocks, reflecting the robust appetite for crypto-related investment products.