Should You Buy Solana in 2025?

Why trust HelloSafe?

At HelloSafe, our expert has been closely monitoring the evolution of the Solana cryptocurrency for over three years. Each month, hundreds of thousands of users across Canada rely on us to break down market trends and identify the best investment opportunities. Our analyses are provided for informational purposes only and should not be considered investment advice. In line with our ethical policy, HelloSafe has never purchased Solana nor received compensation from entities associated with its ecosystem.

Solana in brief

How much does 1 Solana cost?

The price of Solana is up this week. As of today, Solana (SOL) is trading at approximately $236 CAD, with a 24-hour change of -1.98% but a positive 7-day gain of +3.5%. Its current market capitalization stands at around $122.7 billion CAD, ranking it 5th among global cryptocurrencies, with an average daily trading volume over the past 3 months near $5 billion CAD. Solana has about 519 million tokens in circulation, representing roughly 2.8% of the total cryptocurrency market. As always, market movements can be swift and volatile—keeping an eye on Solana’s evolving ecosystem can uncover both risks and exciting opportunities for Canadian investors.

Our full review of the Solana cryptocurrency

After analyzing the most recent trends surrounding Solana, as well as its evolution over the past three years, our proprietary models have aggregated on-chain indicators, technical signals, market data, and competitive landscape insights. Leveraging this multifaceted approach, we've distilled a 360° perspective on Solana's current market standing. So, why could Solana once again represent a strategic entry point in the fast-growing layer-1 blockchain ecosystem in 2025?

Recent Performance & Market Context

Price Evolution

Solana (SOL) is currently trading at $173.30 (May 2025), having posted a robust 58% gain over the past twelve months and 73% over six months—remarkable, even in a generally bullish crypto market. This steady ascent has been supported by a significant increase in daily traded volumes, now averaging $3.55B, reflecting growing investor appetite and heightened liquidity.

Notable Recent Events

• Successful network upgrades have enabled a full year without major outages—a substantial resolution to one of Solana’s former weaknesses.
• Strategic partnerships with tech giants like Microsoft and Google Cloud further validate Solana's institutional appeal.
• The advent of DeFi and memecoin projects has drawn fresh communities and sparked high on-chain activity.
• In April 2025, Solana overtook Ethereum in DEX transaction volume for the third consecutive month—a symbolic inflection point for both ecosystems.

Favorable Macro & Sectorial Setup

The macro backdrop is unmistakably favourable for cryptocurrencies, as reflected in increased institutional risk appetite and anticipation of crypto ETF approvals. Solana, in particular, benefits from:

• A fast-accelerating DeFi/NFT sector searching for low-cost, high-throughput networks.
• Global expansion in emerging markets (South-East Asia, LatAm) where affordable, scalable solutions are in high demand.
• Regulatory signals turning cautiously optimistic, with the SEC reviewing Solana ETF proposals filed by 21Shares and Grayscale.

Technical Analysis

On-Chain & Technical Metrics

• RSI (14d): 64, hovering in a neutral-to-bullish zone, allowing room for further upside without being overbought.
• MACD: At 9.8, well above its signal line, supporting ongoing upward price momentum.
• Moving Averages: Price action remains aligned above all key short- and medium-term moving averages (20d: $157.7, 50d: $140.3, 100d: $150.1), with the critical 200d at $182.3.
• The 50-day moving average recently crossed above the 100-day, triggering a "Golden Cross"—a classic harbinger of extended bullish runs.

Supports, Reversal Signals & Momentum

• Strong supports are in place at $148 (major), $120 (secondary), and $102 (critical)—levels tested and validated this cycle.
• Immediate resistance at $175 could open acceleration toward $200 (major resistance) and the pivotal $220 psychological level upon breakout.
• Divergence between price and rising RSI, alongside an established ascending channel since March 2025, underpins a bullish momentum backdrop, especially into the second half of the year.

Fundamental Analysis

Growing Adoption & Strategic Partnerships

• Active addresses: Up to 21.5M (+18% QoQ), aligned with surging developer and community interest.
• Transaction volumes: Reached $97B in April 2025, outperforming Ethereum in decentralized exchange (DEX) activity.
• Key partnerships: Microsoft, Google Cloud, and Visa (for payment solutions), solidifying Solana’s real-world integration and future-proofing its utility.

Relative Valuation Metrics

• Market Cap: At $90.07B, SOL ranks among the top digital assets, but still presents a sizeable relative discount against more mature Layer-1s by several valuation metrics.
• Fully Diluted Valuation (FDV): The circulating supply structure is increasingly distributed (55% floating).
• Total Value Locked (TVL): Surging TVL in DeFi protocols demonstrates continued trust and a sticky user base.

Structural Advantages

• Speed & Cost: Benchmark-setting 65,000 transactions/second at negligible fees (
• Ecosystem Depth: Vibrant activity across DeFi, NFTs, gaming, and now consumer tech (e.g., Solana’s “Saga” mobile phone).
• Energy Efficiency: PoS design offers sustainability, with a carbon footprint per transaction on par with a single web search.

Volume, Liquidity & Positioning

• Exchange volumes ($3.55B/d) are consistently among the top three crypto assets, ensuring deep liquidity and minimal slippage for institutional and retail players alike.
• Strong positioning: Solana’s rapid climb in market share—from 15% to 22% in smart contract platforms—validates its ability to attract both builders and capital.

Catalysts & Growth Drivers

• ETF approval: US ETF listing remains a potent near-term upside lever.
• DeFi & NFTs: Continued ecosystem momentum with the launch of innovative protocols and gaming platforms.
• Mobile expansion: Inroads made via Solana Mobile Stack point toward new user segments.
• Global partnerships: Expansion with firms like Agridex signals readiness to serve real-world commerce (agro-commodities, remittances).

Investment Strategies (by Horizon)

Short-Term (Weeks/Months)

• Technical entries: Retesting the $148–$157 support zone could offer tactical opportunities, especially if paired with RSI/MACD continuation signals.
• Pre-ETF momentum: Anticipating ETF-related announcements could drive speculative flows.

Medium-Term (6–12 months)

• Ecosystem upgrades: Scheduled protocol enhancements and DeFi launches set the stage for a potential re-rating higher.
• Wave of institutional adoption: Early buyers may benefit from increased allocation among funds and treasuries post-ETF approval.

Long-Term (1–5 years)

• Structural conviction: Solana’s growth trajectory in user adoption, real-world partnerships, and cross-sector innovation (e.g., mobile, payments, DeFi) supports a multi-year compounding thesis.
• Compelling accumulation: Pullbacks amid broader crypto volatility may present optimal dollar-cost-averaging windows, with risk managed via allocation discipline.

Price Projections Table (2025–2029)

Is Now the Right Time to Consider Solana?

Key Strengths at a Glance

• Outperformance: Consistent leadership in transaction volumes and innovation, recently surpassing Ethereum in DEX activity.
• Unique speed/cost advantage: Unmatched throughput and low fees, critical as DeFi and NFT adoption scales.
• Ecosystem catalysts: New launches, protocol upgrades, and expansion into mobile/web3 consumer applications.
• Institutional tailwinds: Blue-chip partnerships, robust daily liquidity, and imminent ETF catalysts.
• Technical momentum: Golden Cross formation, strong support zones, and bullish RSI/MACD dynamics.

Optimistic Trajectory & Strategic Opportunity

Solana’s fundamentals, innovation pace, and ecosystem maturity currently justify renewed investor interest. As the overall crypto space transitions toward mainstream adoption, Solana stands out as a leader equipped to capture exponential growth across multiple verticals. The technical landscape suggests that SOL could enter a decisive new uptrend, reinforced by both on-chain data and evolving market structure.

In summary, Solana represents a dynamic, high-potential digital asset, combining robust technology, formidable partnerships, and strong adoption trends. These converging factors suggest that SOL could well embark on a new bullish cycle, meriting close attention from investors seeking exposure to next-generation blockchain infrastructure. The dynamic interplay of technical and fundamental signals places Solana as a compelling portfolio candidate for those aiming to capitalize on the expanding blockchain revolution.

Key technical levels to monitor remain $148 as immediate support and $175–$200 as significant resistance. The upcoming protocol upgrade slated for Q2 2025 could be a pivotal catalyst for Solana’s next price phase.

How to buy Solana?

Solana (SOL) is easy and secure to purchase online through regulated platforms available in Canada. There are two main approaches: direct spot purchase—allowing you to own the actual coin in your wallet—or trading via crypto CFDs (contracts for difference), which let you speculate on Solana’s price without directly owning the coin. Each method has its own advantages and considerations. Below, we provide clear explanations of both, followed by a practical comparison of platforms (see further down the page) to help you choose according to your needs.

Spot Purchase

Spot buying Solana means that you acquire actual SOL tokens, which are then stored in your wallet—either on the platform or a private wallet you control. This approach gives you direct ownership and long-term holding opportunities. Typically, Canadian platforms charge a fixed commission per transaction, usually ranging from 0.5% to 1.5%, sometimes with a small fixed fee (for example, $5 CAD).

Informations importantes

Concrete Example: If SOL is trading at $173.30 CAD per coin, and you invest $1,000 CAD (minus an estimated $5 fee), you’ll receive approximately 5.73 SOL tokens into your wallet.
✔️ Profit Scenario: If Solana rises by 10%, your holding would now be worth $1,100 CAD. That’s a $100 gross profit, or +10% return on your initial investment.

Trading via CFD

Trading Solana via CFD means you do not own actual SOL tokens. Instead, you enter a contract mirroring Solana’s price movement—going “long” or “short,” often with leverage. The fees typically include a spread (the difference between buy/sell price) plus a daily overnight funding cost if you hold the position past midnight.

Informations importantes

Example with Leverage: You open a CFD position on SOL with $1,000 CAD and use 5× leverage. This gives you market exposure totaling $5,000 CAD.
✔️ Profit Scenario: If Solana’s price increases by 8%, your position gains 8% × 5 = 40%.
Result: $400 CAD gain on your initial $1,000 CAD deposit (excluding fees).

Final Advice

Always compare the fees, features, and conditions of each trading platform before you invest—costs and security can vary significantly. Your preferred method should reflect your investment goals and experience: spot purchase for straightforward ownership, or CFDs if you seek flexibility and leverage. For more details, consult the platform comparison tool further down the page.

Our 7 tips for buying Solana

The latest news from Solana

Solana’s price has risen 3.5% in the past week, outpacing most competitors’ weekly growth. This momentum is reinforced by technical indicators, with the 14-day RSI currently at 64 (neutral-positive) and the MACD above its signal line, suggesting sustained buyer interest and upward price pressure. The “Golden Cross” observed in April, where the 50-day moving average crossed above the 100-day, continues to support bullish sentiment, and SOL trades in an ascending channel since March. For Canadian investors, SOL’s listing on global platforms accessible in Canada (Binance, Kraken, Coinbase) ensures continued liquidity and accessibility, while the 30-day average volumes remain robust—enhancing confidence in short-term price stability.

Solana’s ecosystem expansion, particularly in DeFi and NFTs, has led to transaction volumes surpassing Ethereum on DEX platforms for three months. These network fundamentals are critical for institutional and retail investors in Canada, as increased activity highlights real demand for Solana’s throughput and low transaction costs, both vital in DeFi and NFT contexts. The network reported 97 billion USD in transaction volume for April and achieved an 18% quarterly rise in active addresses (now 21.5 million), establishing Solana as a dominant platform for new users and developers. This activity cements Solana’s attractiveness for emerging Canadian crypto startups and local DeFi/NFT initiatives seeking performance and affordability.

Solana’s strategic partnerships with global giants like Visa, Microsoft, and Google Cloud are strengthening its institutional credibility. The recently announced Visa collaboration, building on merchant settlement solutions with ultra-low fees and near-instant settlement, has relevance for Canadian fintechs exploring blockchain for payments and cross-border transactions. These alliances add stability and trust, fostering institutional adoption—a crucial signal for Canadian institutional portfolio managers and ETF providers considering SOL as part of broader digital asset strategies.

Stability improvements remain a core achievement, with Solana now reporting a full year without a major outage. This record addresses historical reliability concerns and significantly de-risks the network for Canadian enterprises and compliance-aware investors. Improved resilience strengthens Solana’s candidacy for future regulatory acceptance in Canada, where robust uptime and consistent network performance are prerequisites for institutional use, including potential ETF inclusion.

The potential approval of a Solana ETF in the United States, with applications from 21Shares and Grayscale, is a positive market signal. Should such products launch, they are expected to set a precedent for regulators in Canada, where demand for crypto ETFs is strong and existing vehicle providers (such as CI Galaxy, 3iQ) have successfully lobbied for Bitcoin and Ether funds. An eventual listing of a SOL ETF on the Toronto Stock Exchange would directly benefit local investors, providing compliant and convenient exposure while further institutionalizing the asset in Canada’s capital markets.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.