Solana Sets Sights on Fresh All-Time High Amid Dominant Market Share
Solana's price may be on the verge of another all-time high, according to analyst DJ Ha Trang. In her report 'Primed for the Third Leap', she argues that Solana is positioning itself for a third run towards fresh highs, built on a broader foundation than NFTs, DeFi, or memecoins alone.
Solana has already hit new all-time highs twice before, first in November 2021 at $260 during the NFT boom and DeFi expansion, and then again in January 2025 at $290. However, the ecosystem kept building despite the collapse of FTX, which sent Solana's price back down to around $10.
The network has now captured over half of the spot trading market share with $425B in monthly volume, according to Ha Trang. This dominance is attributed to two main factors: infrastructure and aggressive business development. Solana has spent years reinforcing its position as the fastest and cheapest chain available, and recent research shows it delivering better trade execution for SOL to USDC pairs than centralized exchanges.
Ha Trang also notes that new assets are being listed on Solana on a near-weekly basis through platforms like Sunrise and Backpack Securities. Bitcoin, SpaceX stock, and even Robinhood shares are tradable on Solana today, positioning the network as what Ha Trang calls the home of 'internet capital markets'.
When asked for a forecast, Ha Trang didn't hesitate: 'Given that the previous all-time high is $290, I think we can target more than $300 this time.'