With average fees under $0.01 and sub-second transaction finality, Solana’s high-speed, low-cost architecture is driving adoption from both crypto-native users and major institutions.
Solana’s DeFi ecosystem has grown to $8 billion in total value locked, up 100% from 2024, and now accounts for 16% of Ethereum’s market share, narrowing a once 20:1 gap to 5:1.
Beyond speculation, the network is rapidly expanding into infrastructure and AI. Solana leads all chains in DePIN market cap at $4.2 billion, supporting projects like Helium, Hivemapper, and Render Network.
Solana also dominates the crypto-AI segment, with 66% of AI agent activity and growing adoption of tools like ElizaOS and Arc.
The report highlights rising concerns around validator centralization, speculative activity, and inflationary pressure following the end of transaction fee burns.
However, the report argued that Solana remains fundamentally undervalued. A discounted cash flow model projects SOL’s fair value between $520 and $1,800, depending on growth rates, far above its current price of around $150.
If Solana captures just half of Ethereum’s market cap, it could see continued growth in payments, AI, and institutional adoption.
