Solana’s token SOL has pushed to ranges not seen since February, lifted by renewed group confidence in a significant community proposal.
Information from CryptoSlate exhibits SOL briefly rose above $215 this week, gaining greater than 6% within the final 24 hours earlier than easing barely to $214 as of press time. This rally positioned the token again at its strongest level since early February, when it final traded close to $216.
In keeping with analytics agency Santiment, retail sentiment has turned sharply constructive, with buyers making practically six bullish feedback for each bearish one. Notably, that is the best ratio recorded in over two months.
In the meantime, this worth momentum has come regardless of slowing exercise on Solana’s decentralized exchanges.
A Dune Analytics dashboard exhibits that the community’s each day energetic merchants have dropped by greater than 80% from January’s memecoin-driven peak of 5 million. For 4 straight days, person numbers have remained beneath the a million mark.
This decline displays a transparent pivot amongst retail buyers on the community in the direction of different blockchains like Ethereum.
Alpenglow replace
The newest worth momentum coincides with early group assist for SIMD-0326 Alpenglow, a proposal described as some of the important consensus upgrades in Solana’s historical past.
The proposal seeks to simplify the community’s structure by eradicating legacy parts similar to Proof of Historical past, Tower BFT, and gossip-based vote propagation.
If carried out, the improve would scale back block finalization occasions to about 150 milliseconds, putting Solana in keeping with different high-speed platforms designed for buying and selling functions.
Notably, Solana co-founder Anatoly Yakovenko has publicly inspired the group to assist the proposal, describing it as a key step ahead.
Unsurprisingly, early voting information point out sturdy backing for the change, with 11.6% of Solana stakers endorsing Alpenglow, whereas solely 0.1% have opposed it. Round 100 validators have already solid votes.
The group’s response suggests rising confidence that the community can ship quicker and extra dependable efficiency at scale, at the same time as retail buying and selling exercise undergoes a reset from its memecoin-driven highs.
Solana Market Information
On the time of press 11:16 am UTC on Aug. 28, 2025, Solana is ranked #6 by market cap and the value is up 3.93% over the previous 24 hours. Solana has a market capitalization of $114.74 billion with a 24-hour buying and selling quantity of $13.57 billion. Study extra about Solana ›
Crypto Market Abstract
On the time of press 11:16 am UTC on Aug. 28, 2025, the overall crypto market is valued at at $3.91 trillion with a 24-hour quantity of $174.05 billion. Bitcoin dominance is at the moment at 57.50%. Study extra in regards to the crypto market ›