Solana (SOL) has bounced back from its early 2025 challenges. It climbed above the $200 mark and achieved a 13.2% gain so far this year. This recovery occurs despite on-chain data revealing a less-than-optimistic outlook, with daily active addresses (DAAs) and transaction activity experiencing sharp declines. While attention remains on Solana’s future, new tokens like BullZilla ($BZIL) are getting noticed by retail traders who see value in diversifying during these uncertain market times.
The main question is whether Solana’s price can keep its momentum toward $300 or if declining on-chain activity will hold back the rally, despite significant price movement. The Alpenglow upgrade promises faster transaction speeds, and with Ethereum and BNB hitting new highs, Solana’s future looks both promising and uncertain.
The current state of the market of Solana
Trading volumes for SOL increased nearly 200% in the past 24 hours, reaching $9 billion and accounting for 7.5% of the circulating supply. However, this surge in liquidity contrasts with the blockchain’s overall health. According to The Block, Solana’s seven-day moving average for vote transactions dropped from 300 million in February to 214 million in early September.
Daily active addresses fell even more sharply, dropping 49% from 5.1 million in June to 2.6 million. This decline points to weaker organic activity, which undermines confidence in long-term sustainability. While meme coins like Pudgy Penguins (PENGU) and Fartcoin (FARTCOIN) briefly generated interest in the ecosystem, they have not resulted in meaningful, lasting engagement.
The Alpenglow Upgrade: A Possible Game-Changer
Despite the disappointing metrics, Solana’s developers are counting on the Alpenglow upgrade to boost adoption. Approved just days ago, Alpenglow will reduce transaction finality to only 150 milliseconds. This will provide Internet-like speeds while keeping the security and immutability of blockchain technology.
The Solana price Foundation highlights that such speeds could allow for Web2-level responsiveness at the base layer. This could lead to new applications that need both efficiency and cryptographic certainty. Essentially, Alpenglow sets Solana up to compete with Ethereum’s scalability plans, especially the Pectra upgrade that aims to lower gas costs.
Ecosystem Comparisons: Solana vs. Ethereum and BNB
Ethereum continues to dominate the DeFi market, holding a 59% share of total value locked (TVL), which exceeds $35 billion through protocols such as Aave and Lido. In contrast, Solana’s top platforms, Jupiter and Jito, account for only $3 billion in combined TVL.
This difference highlights why Solana struggles to compete with its rivals, despite its technical advantages. However, Solana price is still a popular blockchain for high-frequency trading, NFT activity, and new experimental projects. This suggests a strong foundation for future growth if Alpenglow meets expectations.
BullZilla Sells Over 20 Billion Tokens in Just 10 Days
While Solana’s upgrades grab attention, smaller projects like BullZilla ($BZIL) are taking advantage of the current altcoin cycle. The project recently raised $300,000 in just 10 days. This milestone shows growing community interest. BullZilla is designed as a community-driven asset. It attracts investors seeking high-upside opportunities beyond the top 10 tokens. For many traders, SOL’s performance influences the wider altcoin market, and projects like $BZIL benefit from this renewed optimism.
Here’s the latest snapshot of BullZilla’s presale progress:
BullZilla Updated on September 9, 2025
| Current Stage | 2nd (Dead Wallets Don’t Lie) |
| Phase | 2nd |
| Current Price | $0.00003908 |
| Presale Tally | Over $300k Raised |
| Token Holders | Over 1000 |
| Tokens Sold | 23B |
| Current ROI | 13,388.76% from Stage 2B to Listing Price of $0.00527 |
| ROI for Earliest Joiners | 579.65% until Stage 2B |
| $1000 Investment | 25.588M $BZIL Tokens |
| Upcoming Price Surge | 17% increase in 2C, from $0.00003908 to $0.00004575 |
Technical View: Is SOL Going to $300?
On the charts, Solana encounters strong resistance at $215 and $240. A successful breakout above $240 would confirm the possibility of a rise to $300, which traders expect might happen before the end of the year.
The Relative Strength Index (RSI) shows accumulation, suggesting that buyers are quietly getting ready for a bigger move. Nevertheless, it cannot be denied that the adverse effects of declining DAAs and reduced user activity have been taken into account. In the absence of new applications, that anonymity will not be fully utilized, and the Solana price will find itself dwarfed by the influence of Ethereum and the further rise of BNB.
Conclusion
Solana is at a pivotal moment. A recent price rebound, renewed investor interest, and the impending Alpenglow upgrade give it a favorable perspective in the short term. Nevertheless, network fundamentals are failing, and it is questionable whether the rally can be sustained.
The Solana price may easily reach $300 if it breaches the angle of breaking 240. But success in the long run is based on more than speed. It requires actual adoption and other applications. New tokens, such as BullZilla ($BZIL), are indicating how investors are diversifying their funds across old and new entrants as they weigh the risks and rewards.
The next steps of Solana would determine whether it could follow Ethereum and BNB on the way to new heights or whether it would be trapped in an attempt to keep up.
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Frequently Asked Questions About Solana’s $300 After Rebound
Why are Solana’s daily active addresses declining?
DAAs have dropped nearly 50% since June. This reflects lower user engagement, even with increased meme coin activity.
What is the Alpenglow upgrade?
Alpenglow is Solana’s latest update. It reduces transaction finality to 150 ms, allowing nearly Internet speeds.
How does Solana compare to Ethereum in DeFi?
Ethereum controls 59% of DeFi’s total value locked (TVL) at about $35 billion. Solana’s share is around $3 billion.
Can Solana reach $300 in 2025?
If SOL breaks above the $240 resistance, technical signals suggest a run toward $300.
What role do meme coins play in Solana’s ecosystem?
Meme tokens create short-term attention but have not increased sustained network activity.
What is BullZilla ($BZIL)?
BullZilla is a community-focused token that raised $300,000 in 10 days, with over 1,000 holders and 23 billion tokens sold.
What are the main risks for Solana?
Falling on-chain metrics, reliance on speculative tokens, and competition from Ethereum and Binance Coin remain key risks.
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