29 March SOL Price Prediction: How are Web3 Wallets & DApps Driving Adoption?
According to some analysts, if a Solana spot ETF is ever authorized in the US, SOL’s price may increase dramatically. Its value may also be increased by the growth of tokenized real-world assets (RWA) on the Solana network, such as money market funds and stablecoins. Others think Solana has the essential components for something to succeed on mobile, such as Nikita Bier, co-founder of the TBH and Gas startups.
Bier emphasized the long-term effects of the memecoin craze, which exposed millions of new users to Web3 wallets and decentralized apps (DApps), as well as the positive regulatory climate created by US President Donald Trump. In essence, Bier thinks Solana is in a good position because of its mobile user onboarding process.
Solana’s Future in Jeopardy as US Government Excludes Altcoins from Digital Asset Stockpile
President Trump signed a law on March 6 that permits the US Treasury to purchase Bitcoin through budget-neutral means and permits the strategic sale of cryptocurrencies held by the government. Some investors were greatly disappointed to learn that the US government would not buy altcoins for its digital asset stockpile and strategic reserve. In actuality, the Digital Asset Stockpile executive order made no specific reference to Solana or any other altcoin.
Since total value locked (TVL) has increased across liquid staking, collateralized lending, synthetic assets, and yield platforms, some could contend that the Solana ecosystem goes much beyond memecoin trade and token launchpads. On the other hand, Solana’s fees and DApp earnings have kept going down. Decreased on-chain activity limits SOL’s upside potential by making it less appealing to investors.
Solana Faces Declining On-Chain Activity, But Can It Recover in 2025?
From October 2024 until February 2025, Solana led the DEX market in terms of volume, although Ethereum and BNB Chain have since overtaken it. Therefore, a decrease in Solana‘s on-chain activity relative to its rivals is a contributing factor in SOL’s price weakening.
The Solana network successfully blends an integrated user experience with a degree of decentralization, despite the fact that fundamentals do not point to an impending rally above $150. For instance, unlike Solana’s Phantom Wallet in November 2024, neither BNB Chain nor Tron has had a wallet or DApp rank in the top 10 on the Apple App Store, despite having comparable scalability.
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