Solana

Today's state: Solana is trading at $74.65 with a $43.9 billion market capitalization (rank #7). The price moved +0.81% over the past 24 hours and is -13.42% over 7 days; the 30-day move stands at -1.94% and the 90-day at -9.50%.

Position vs cycle: Sitting more than 70% under its prior cycle high, the asset is deep in post-peak drawdown territory — a zone associated with late-stage bear phases or a permanent downward re-rating.

Volatility and structure: 30-day realized volatility of 72.6% annualized is high for an asset this size. Our composite multi-horizon Price Strength reads Bearish (34/100), against a softening backdrop, with pressure stacking up over the 30- and 90-day windows.

Looking past Bitcoin alone, how closely SOL tracks the next two biggest layer-1s over 90 days indicates whether it is mostly market beta or something more independent. The daily-log-return correlations:

• Bitcoin reference: +0.82 — a very strong positive relationship.
• Ethereum reference: +0.85 — a very strong positive relationship.

When an asset correlates strongly with multiple majors, it is trading largely as market beta — the big caps set the direction and standalone outperformance is elusive. Weak or negative correlations instead signal idiosyncratic forces (its own news, sector rotation, narrative changes) capable of producing returns the broader market does not share.

Solana (SOL) is a cryptocurrency, traded on global digital-asset markets. It trades at $74.65 as of the latest update, with a 24-hour move up 0.81%, placing it at rank #5 by market capitalisation among all listed digital assets. Solana's current market cap stands at $43.95B, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Solana across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Solana is a base-layer blockchain built to host other applications. What ultimately drives it is not a single headline feature but durable demand — whether builders keep deploying and users keep transacting on it versus the many competing Layer-1s.

Solana (SOL) is a top-ten asset, ranked #7 among all tracked tokens by capitalisation. It currently trades about 75% below its all-time high of $294.16 set in January 2025.

Solana secures a Layer-1 network through proof-of-stake: rather than mining, validators bond the native token, take turns proposing and confirming blocks, and are slashed if they misbehave. The asset doubles as the gas that pays for computation and as the unit of staking and governance.

Solana (SOL) is a top-ten asset, ranked #7 among all tracked tokens by capitalisation. It currently trades about 75% below its all-time high of $294.16 set in January 2025.

Primary use cases: hosting decentralized applications, native staking for yield, securing the network through validator participation, paying gas for transactions, and serving as base-layer collateral for the DeFi protocols built on the chain.

Daily volume runs at about 5.2% of market capitalisation ($2.30B in the last 24 hours), in the normal band for a coin of this size and supportive of orderly entries and exits.

Solana's tokenomics combine its supply schedule, current circulating supply, and the relationship between circulating market cap and fully-diluted valuation.

For thesis-building, the relevant question is whether the structural value-accrual mechanism (fee burns, staking-yield reinvestment, deflationary supply mechanics, ecosystem TVL growth) outpaces the structural emission pressure. When it does, the price tends to grind higher over multi-quarter windows even without speculative momentum; when it does not, the asset typically requires consistent narrative-driven demand to absorb the issuance.

The macro picture for digital assets turns on three levers — Federal Reserve policy, the path of dollar liquidity, and broad risk sentiment. Historically the whole asset class has tracked the global liquidity cycle closely, expanding in easing regimes and contracting when financial conditions tighten.

For cross-asset context, monitor the dollar (a headwind when it strengthens), long-term Treasury yields (the discount rate on risk), gold (a sometime companion in monetary-debasement narratives), and the S&P 500 (often correlated with crypto on liquidity-driven swings even though crypto is popularly billed as uncorrelated).

Narrowing to Solana, the cleanest leading signal has usually been crypto-native liquidity — the combined trend in stablecoin supply, futures open interest and exchange turnover. When that pool of on-chain capital grows, SOL has tended to advance with it; when it drains, the move has typically gone into reverse. Given the 90-day BTC correlation of +0.82, SOL's near-term macro sensitivity will be similar to Bitcoin's — driven primarily by the same liquidity conditions and risk-asset flows.

Specific risks: validator centralisation, smart-contract risk in the application layer, competitive pressure from rival L1s, regulatory uncertainty around staking rewards, MEV (maximal extractable value) concerns, and dependence on continued developer and user adoption to sustain network value.