Solana's native token soared to a record high early in 2025 following the launch of the TRUMP meme coin but later fell sharply amid economic tensions and trade wars. Throughout the year, Solana made significant technical advancements with the upcoming Alpenglow consensus upgrade and saw increased integration with traditional finance as digital asset treasuries and ETFs invested heavily in SOL. Despite strong interest and inflows from institutional investors, SOL and associated tokens ended the year substantially lower than their peaks.