Solana Network Activity Plummets 97%, Yet Analysts Anticipate a Significant Change on the Horizon

Solana Network Activity Decline: The Solana network experienced a 97% drop in activity in late 2025, leading to concerns about its viability; however, analysts suggest this may be a correction rather than a complete failure, influenced by structural changes and institutional interest.

Impact of Meme Coins: The decline in meme coin activity significantly affected Solana's traffic and revenue, highlighting the network's reliance on speculative trading, which contributed to a 58% drop in the price of $SOL.

Comparison with Ethereum: In 2025, Solana's revenue was significantly lower than Ethereum's, with a threefold difference, and $SOL underperformed $ETH by 56%, indicating a widening gap in performance between the two networks.

Future Outlook for $SOL: Analysts are divided on $SOL's future, with projections suggesting it could drop to $50–$75 if the downturn continues, or potentially rise to $134–$140 if short positions are covered, depending on the network's ability to attract new types of activity.