Solana’s comeback can be called structural.

Here's why,

First, the new class of spot alt-coin ETFs (Bitwise’s Solana ETF and follow-ons) is pulling real institutional dollars into SOL exposure, early launches drew hundreds of millions and have already re-priced investor demand for high-growth layer-1s.

Second, protocol upgrades that are led by the Alpenglow roadmap (plus Firedancer optimizations) materially raise throughput and reduce fees, turning Solana into a more credible payments & trading rail for high-frequency dApps. That upgrades the “utility” story from experiment to production.

Third, on-chain real-world usage has surged: DEX volumes, daily active addresses and transaction counts climbed sharply across 2024–25, showing the network is actually being used (not just speculated on). Strong usage = stronger demand for stake, fees and native token economics.

Bellwether view: If ETF inflows remain steady AND Alpenglow proves resilient in mainnet, a move back toward the $200 handle becomes a plausible path during the next alt-coin rotation which is not a certainty, but a setup with real levers.

If all goes well $SOL might just push through to 250-300 and beyond. 

CTA & disclaimer: Watch ETF AUM and Alpenglow validators week-over-week — DYOR. #solana #MarketRebound #Alpenglow #CryptoETFs #Layer1