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Currently, Solana (SOL) is priced at around $134.14, reflecting an upsurge of 3.25% over the last 24 hours on Coinbase as of 18 Apr 2025. This price hike coincides with the introduction of the first spot Solana ETFs, which are available on the Toronto Stock Exchange and launched by firms such as Purpose Investments and 3iQ.
At the same time, Solana began to see a surge in DEX activity, overtaking Ethereum in 24-hour trading volume, indicating burgeoning institutional interest and strong ecosystem engagement.
Solana ETFs Launch in Canada With Staking Bonuses
Purpose Investments, Evolve Funds, CI Global Asset Management, and 3iQ announced the launch of spot Solana exchange-traded funds (ETFs) on the Toronto Stock Exchange on April 16, 2025. These ETFs are capable of delivering direct exposure to Solana (SOL) for investors and including their staking rewards, with annual yields between 6% and 8% (Bitunix).
This approval has been seen as a landmark development for Canadian investors and Solana, as it sees Canada becoming the first-ever North American country to approve and list spot Solana exchange-traded funds. It signifies a shift toward greater regulatory acceptance alongside rising institutional interest in yield-bearing blockchain tokens.
Solana has Better DEX Trading Volume than ETH
From April 10 to April 16, 2025, Solana processed more than $15 billion in DEX trading volumes alone—far ahead of all the other blockchains and even Ethereum. According to CoinTelegraph, this increase is largely attributed to the heightened user interaction on platforms such as Pump.fun and Raydium, which experienced 44% and 28% rises in trading volumes, respectively.
The significant increase in decentralized exchange (DEX) activity highlights Solana’s growing influence in the decentralized finance (DeFi) space, facilitated by its rapid transactions and minimal fees, which provide powerful incentives for traders and developers to use its network.
Levels of Support and Resistance
According to CoinDesk, Solana (SOL) should maintain support in the $125–$127 range, which it has remained strong against on more than one occasion. Resistance is still focused in the range of $133.50-60, with price action testing the zone multiple times.
Volume analysis indicated significant accumulation on April 16: over 3 million SOL tokens exchanged hands when their price surpassed the $130 resistance level. This uptick in trading activity indicates an increasing level of investor confidence and a momentum behind Solana’s recent uptrend, especially after recent bullish catalysts such as Canadian spot ETFs launching and a surge in DeFi activity.
Market Development and Institutional Interest
The institutional demand for this token keeps increasing, as Ark Invest recently invested US$4.95 million in the 3iQ Solana Staking ETF. It shows increasing confidence in Solana’s long-term value and staking prospects. This is complemented by on-chain metrics showing a dramatic increase in staking activity, with more than $270 million worth of new deposits into the network.
This surge not only reflects growing confidence from the biggest stakeholders but also serves as a testament to Solana’s continued emergence as a leading blockchain for decentralized finance (DeFi), offering both scalability and high staking rewards for institutional and other investors.
Solana Price Predictions for 2025
Analysts provide the following price forecasts for Solana:
| Period | Low Estimate | High Estimate | Average Price | Source |
| April 2025 | $133.05 | $150.52 | $142.82 | CoinCodex |
| May 2025 | $129.19 | $145.37 | $137.62 | CoinCodex |
| 2025 Year-End | $250 | $400 | $325 | CoinPedia |
| 2025 Year-End | $220 | $1,000 | $515 | InvestingHaven |
Such predictions are optimistic for Solana, depending on the market and ongoing network expansion.
Conclusion
The recent rally in Solana — fueled by Canada’s roll-out of spot ETFs and another wave of DEX activity — could point to some underlying strength in the cryptocurrency space. This strong growth is underpinned by greater institutional participation and wider network infrastructure.
Recently, even firms as big as Ark Invest have supported Solana-focused ETFs while on-chain staking deposits are hitting high numbers. While these trends indicate potential for continued growth, investors must consider the volatility and the market risks of the crypto space, particularly as macroeconomic and regulatory conditions shift.
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Frequently Asked Questions
1. What was behind the recent 16% weekly price surge of Solana?
The increase was fueled by the launch of spot Solana ETFs in Canada, increased institutional investment, and Solana recently overtaking Ethereum in DEX trading volume.
2. Canadian Solana ETFs: Why Are They Beneficial for Investors?
These ETFs give direct exposure to Solana while also including staking rewards earning in the range of 6–8% annually, making them appealing to both retail and institutional investors alike.
3. Why is Solana outperforming Ethereum in DeFi?
Solana DEX volume leads at over $15B weekly, spurred by fast transactions, low fees, and active platforms like Pump.fun and Raydium.
4. Is Solana’s speedy growth leading to risks?
Market volatility, regulatory shifts, and smart contract bugs are still serious concerns, even with sound tech and growing institutional interest.
Glossary of Key Terms
1. Solana (SOL)
A high-performance blockchain capable of rapid and inexpensive transactions. It enables smart contracts, DeFi platforms, and NFTs and uses a Proof-of-History consensus.
2. Decentralized Exchange (DEX)
It is a peer-to-peer platform that allows users to trade crypto directly without an intermediary. DEXs such as Raydium and Pump. Fun, fast, fee-light transactions.
3. Decentralized Finance (DeFi)
Decentralized finance (DeFi): Decentralized financial services such as lending, trading, and yield farming based on the blockchain and without any banks. The low fees on Solana make DeFi protocol implementations efficient.
4. Exchange-Traded Fund (ETF)
A stock exchange-traded regulated investment fund. Solana ETFs give exposure to SOL’s price and, in some cases, staking yields, through traditional markets.
5. Total Value Locked (TVL)
The cumulative value of the assets staked or locked in DeFi protocols. The growing TVL of Solana indicates growing network activity and user confidence.
6. Staking
Tokens being locked on a blockchain to aid the network to operate, in return earn rewards Similar rates of yield can be found with Solana staking, with yields anywhere between 6% and 8%.
7. Resistance and Support Levels
Technical analysis keywords—price Think of resistance as the ceiling keeping price from moving higher and support as the floor preventing price from falling lower. Solana had recently found support in the $125–$127 area.
8. Institutional Investment
Not individual capital from firms or funds. As such, Ark Invest’s $4.95M stake in a Solana ETF reflects increasing confidence in Solana’s long-term potential among institutions.
