Solana Struggles to Regain All-Time High Amid Shrunken Demand

Solana's price needs to increase by 138% from around $124 to reach its all-time high of $295, which is a level that is 25% above its prior peak.

The current market capitalization of Solana stands at roughly $72.8 billion, and reaching $173 billion would require either a significant increase in Solana's share of the market or substantial growth across the entire crypto space.

However, the demand that supported Solana's previous peak has now shrunk to just 3% of its size, as daily network fees have collapsed from $33 million to $1 million.