Solana Upgrade Backing and Price Predictions Fuel Market Interest

Solana (SOL) is getting backing from DeFi Dev Corp for two upgrade proposals that could reduce new SOL supply and increase token burns.

The proposals, SIMD-0550 and SIMD-0553, aim to improve the Solana network by reducing inflation and increasing fees that are burned. According to DeFi Dev Corp, this could help create a healthier supply model if activity on the network continues to grow.

Crypto commentator Borovik believes SOL price can return to $250 based on past market performance, noting that it traded near $300 in early 2025 before dropping to around $100 and later recovering to about $250.