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What is expected in the development of SOL?

Solana’s roadmap focuses on improving scalability, speed, and attracting institutional users through three major upgrades:

  1. Alpenglow Upgrade (Late 2025) – Speeds up transaction finality and simplifies how the network reaches agreement.
  2. Firedancer Validator Client (2026) – Aims to handle over 1 million transactions per second.
  3. Internet Capital Markets Roadmap (2027) – Plans to transform global financial systems with advanced technology.

Deep Dive

1. Alpenglow Upgrade (Late 2025)

Overview:
The Alpenglow upgrade (SIMD-0326) aims to cut down the time it takes for a transaction to be confirmed from about 12 seconds to just 150 milliseconds. It will also remove the current Proof of History system and introduce asynchronous program execution, which means programs can run more efficiently without waiting for each other. This upgrade is designed to make the network more reliable and fast enough for professional trading.

What this means:
This is good news for Solana (SOL) because faster transaction confirmation can attract high-frequency traders and make decentralized finance (DeFi) applications work better. However, changing how the network agrees on transactions could cause some temporary instability.


2. Firedancer Validator Client (2026)

Overview:
Jump Crypto is developing Firedancer, a completely new validator software designed to handle over 1 million transactions per second per processing core. Along with other clients like Sig (built with the Zig programming language) and TinyDancer (a lightweight client), this aims to reduce reliance on any single validator software.

What this means:
This is cautiously optimistic. While the potential for much higher transaction capacity supports Solana’s goal of scaling, delays in development could push back when these benefits are realized.


3. Internet Capital Markets Roadmap (2027)

Overview:
Solana’s long-term plan for 2027 aims to become the foundation for tokenized assets and global financial markets by introducing:

What this means:
This is very promising for Solana’s future, especially for attracting large businesses and financial institutions. However, clear regulations will be important for this vision to succeed.


Conclusion

Solana’s roadmap combines near-term improvements like the Alpenglow upgrade with ambitious long-term infrastructure projects planned for 2027. While there are technical challenges ahead, successfully delivering these upgrades could establish SOL as a top blockchain for high-speed, large-scale applications.

How will Solana’s focus on building institutional-grade infrastructure affect its balance between decentralization and performance?


What updates are there in the SOL code base?

Solana's recent updates focus on improving scalability and speeding up transaction processing, along with modernizing developer tools.

  1. Block Capacity Boost (July 2025) – Increased the block size by 20% to handle more transactions.
  2. Alpenglow Consensus (Testing) – Aims to cut transaction finality time from 12 seconds to just 150 milliseconds.
  3. Agave v2 RPC Migration (Dec 2024) – Updated developer tools with new methods, replacing older ones for better performance.

Deep Dive

1. Block Capacity Boost (July 2025)

Overview:
Solana increased its block compute unit (CU) limit from 48 million to 60 million through a technical upgrade called SIMD-0256. This means each block can now process 20% more transactions.

This improvement helps reduce network congestion, especially during busy times like when popular tokens see a surge in activity. Developers are planning to double this capacity again, aiming for 100 million CUs in the future.

What this means:
This is good news for Solana users because it lowers transaction fees during busy periods and allows more complex decentralized apps (dApps) to run smoothly. Traders will experience fewer failed transactions, and developers get more room to build resource-intensive applications.
(Source)

2. Alpenglow Consensus (Testing)

Overview:
Solana is testing a new consensus system called Alpenglow, which aims to reduce the time it takes for a transaction to be finalized from 12 seconds down to just 150 milliseconds—faster than most credit card payments.

This upgrade moves some validator activities off the blockchain using a system called "Validator Admission Tickets," which helps reduce congestion. It also introduces a tool named Rotor to broadcast data more efficiently.

What this means:
This update could make Solana much faster, which is promising for applications like stock trading or real-time payments. However, it’s still in testing, so its full impact is yet to be seen.
(Source)

3. Agave v2 RPC Migration (Dec 2024)

Overview:
The solana-web3.js library, which developers use to interact with the Solana blockchain, has replaced older methods like getConfirmedBlock with newer ones like getBlock. This aligns with the latest network standards.

These updates keep things compatible with existing tools but make development smoother and more future-proof.

What this means:
For everyday users, this change won’t be noticeable. But for developers, it’s important because it ensures Solana’s infrastructure stays up-to-date and easier to work with as the network grows.
(Source)

Conclusion

Solana is making significant improvements to handle more transactions, speed up processing times, and improve developer tools. These upgrades could help Solana support large-scale, enterprise-level applications. However, the network’s success will depend on maintaining a diverse group of validators as it scales, especially with new clients like Firedancer coming online.


Why did the price of SOL fall?

Solana (SOL) dropped 2.95% to $137.67 in the last 24 hours, underperforming the overall crypto market, which fell 1.73%. The main reasons behind this decline are technical weaknesses, concerns about an upcoming ETF conversion, and widespread fear in the market.

  1. Technical Weakness: SOL fell below important support levels, showing signs of continued downward pressure.
  2. ETF Conversion Risk: The launch of Grayscale’s Solana trust IPO has raised worries about potential selling.
  3. Market Fear: The Crypto Fear & Greed Index is at 18, indicating extreme fear among investors.
  4. Altcoin Selling Pressure: Trading volume for SOL dropped 15% as investors move away from riskier assets.

Deep Dive

1. Technical Breakdown (Bearish Impact)

What happened: SOL’s price fell below its 7-day and 30-day simple moving averages (SMAs), which are key indicators traders watch. The Relative Strength Index (RSI) is at 30.77, suggesting the coin is oversold but hasn’t yet shown signs of bouncing back. The MACD indicator also points to increasing downward momentum.

Why it matters: When a coin falls below these moving averages, it often triggers automatic selling by trading algorithms. Since SOL is now below all major SMAs in the $151–$180 range, traders expect little support until it reaches around $130—a level that held during a previous selloff in August 2025.

What to watch: If SOL closes above $140.60 by the end of the day, it could signal a short-term recovery. However, if it falls below $130, it might test the November low of $136.04.

2. Grayscale Trust IPO Concerns (Mixed Impact)

What happened: Grayscale launched a $35 billion crypto ETF IPO on November 13, which includes Solana. This has caused concern because similar ETF conversions in the past, like with Bitcoin, led to significant selling pressure.

Why it matters: While ETF conversions can improve liquidity over time, investors fear that current trust holders might sell their shares quickly, putting downward pressure on prices. SOL’s 15% drop this week aligns with Bitcoin ETF outflows of $866 million on November 16, marking one of the largest sell days (Binance News).

3. Extreme Risk-Off Sentiment (Bearish Impact)

What happened: The Crypto Fear & Greed Index hit 18 on November 16, signaling extreme fear among investors. The total crypto market cap fell 1.73%, with SOL dropping 2.95%, worse than Bitcoin’s 1.1% decline.

Why it matters: Altcoins like SOL tend to suffer more when investors become risk-averse. With Bitcoin dominance at 58.84%, money is flowing into safer assets. SOL’s trading volume also dropped 15% to $3.5 billion, showing less demand.

Conclusion

Solana’s recent price drop is driven by technical breakdowns, worries about ETF-related selling, and a general pullback in the crypto market due to fear. Although the coin is oversold and could see some relief, much depends on Bitcoin stabilizing above $94,000 and SOL holding the $130 support level.

Key point to watch: Can SOL close above the $140.60 pivot point by November 17? Doing so would suggest renewed buying interest and potential short-term recovery.

{{technical_analysis_coin_candle_chart}}


What are people saying about SOL?

Solana’s community is divided between hopeful $500 price targets and fears of dropping to $80. Here’s the main buzz:

  1. Optimism around ETFs – Some experts believe Solana could surpass $200 if spot ETF approvals speed up.
  2. Technical warning signs – There’s a risk of a price drop if Solana falls below $150 support.
  3. Mixed signals from big investors – Large purchases by whales contrast with decreasing activity on the Solana network.

Deep Dive

1. @johnmorganFL: “$SOL to $500 with ETF momentum” bullish

“If Solana ETFs get approved, it could follow Bitcoin’s 2024 rally and push SOL to $500 by late 2025.”
– @johnmorganFL (35K followers · 12K impressions · August 16, 2025, 5:50 PM UTC)
View original post
What this means: Investors are increasingly optimistic that regulatory approval of Solana ETFs will boost the price. A $500 target means the price could rise about 266% from the current $136.54.


2. CoinMarketCap Community: “$126 support breakdown risks 30% crash” bearish

“Solana is showing a bearish pattern. If it falls below $126, it could drop to $85.”
– @CryptoBearTracks (12K followers · 8K impressions · June 23, 2025, 12:28 PM UTC)
View original post
What this means: Technical analysts warn that if Solana breaks below the $126 support level, it could trigger a sharp sell-off. This risk is made worse by a $2.5 billion drop in stablecoin liquidity since June and fewer users in decentralized finance (DeFi) applications.


3. DeFi Development Corp: “$23M SOL purchase signals conviction” mixed

“We bought 153,225 SOL at $154.85 and are staking all tokens despite recent price swings.”
– @DeFiDevCorp (Corporate report · July 21, 2025, 6:48 AM UTC)
View original post
What this means: This shows some strong institutional buying, but Solana’s network revenue dropped 35% month-over-month in November 2025. This raises concerns about whether the ecosystem’s fundamentals can keep up with speculative ETF-driven demand.

Conclusion

The outlook for Solana is mixed. On one side, investors are excited about ETFs like Grayscale’s upcoming NYSE-listed trust and $343 million in ETF inflows so far this year. On the other, Solana’s price has fallen 41% from its January 2025 high of $294. Keep an eye on the $144–$152 demand zone—if Solana stays above this range, it could spark renewed interest as the “Ethereum killer.” But if it falls below, the downside risks could become real.


哪些券商支援 SOL ETF 選擇權?

Interactive Brokers now supports trading options on Solana ETFs, with live contracts available for Bitwise BSOL and confirmation from media sources. Coinspeaker has verified that these options are accessible on Interactive Brokers.

  1. The NYSE has activated options trading for both GSOL and BSOL ETFs.
  2. Grayscale confirmed the launch of GSOL options, and Bitwise BSOL options started trading on November 11.

Deep Dive

1. Interactive Brokers

Interactive Brokers officially supports options trading on the Bitwise Solana Staking ETF (BSOL). According to Coinspeaker, options for BSOL are available through Interactive Brokers, with active contracts and expiration dates extending through May 2026. This is the clearest confirmation from a broker so far. Coinspeaker report.

What this means: If you have an account with Interactive Brokers and the necessary options trading approval, you can now search for BSOL in the options section and place trades.

2. Exchange Activation

At the exchange level, options trading for both Solana ETFs is live. The NYSE has enabled options for GSOL and BSOL, which usually means brokers will soon allow customers to trade these options as their systems update. Solana post.

What this means: If you use other popular brokers like Fidelity, Schwab, tastytrade, or Webull, options for BSOL and GSOL may become available soon. Check your broker’s platform to see if the options chains for these ETFs are now visible.

3. Products And Tickers

Both major Solana ETFs now have options available. Bitwise BSOL options began trading on November 11, with confirmed strike prices and expiration dates. Grayscale has also launched options for GSOL to provide investors with more tools for hedging and strategy. Coinspeaker on BSOL options. Coverage of GSOL options launch.

What this means: When checking your broker, look specifically for options chains under the ETF tickers BSOL and GSOL. Your ability to trade these options depends on your account’s options approval and your broker’s rollout timeline.

Conclusion

Interactive Brokers currently supports options trading on Solana ETFs, and with the NYSE activation, other brokers are likely to follow as they update their systems. To confirm your access, search for BSOL or GSOL options chains on your broker’s platform and verify your options trading approval level.


What could affect the price of SOL?

Solana’s price is currently influenced by a mix of technical improvements, growing interest from big investors, and ongoing regulatory uncertainties.

  1. Alpenglow Upgrade (Mixed Impact)
  2. ETF Inflows & Competition (Positive Outlook)
  3. Market Sentiment & Altcoin Trends (Cautious Outlook)

In-Depth Look

1. Alpenglow Upgrade (Mixed Impact)

What’s Happening:
Solana is rolling out the Alpenglow upgrade (SIMD-0326), which aims to speed up transaction finality—from about 13 seconds down to just 150 milliseconds—by early 2026. Nearly all validators (98%) have approved this update. It introduces new features like Votor (which handles voting off the blockchain) and Rotor (which improves how data moves through the network). However, there’s a new fixed fee of 1.6 SOL per epoch for validators to participate, which could favor larger players and reduce decentralization.

Why It Matters:
Faster transaction times could attract traders and decentralized finance (DeFi) platforms that need quick processing. But higher costs for validators might push out smaller participants, potentially centralizing control. Past upgrades on other networks, like Ethereum’s Merge, have boosted prices, but Solana’s history of outages in 2022 reminds investors of the risks involved (VanEck).


2. ETF Inflows & Competition (Positive Outlook)

What’s Happening:
U.S. spot Solana ETFs attracted $118 million last week, with Bitwise’s BSOL ETF leading at $343 million in assets. Institutional investors now hold $51 billion worth of staked SOL—about 81% of the total supply—earning roughly 7% annual returns. Solana also surpassed Ethereum in decentralized exchange (DEX) trading volume in July 2025 ($5.78 billion vs. $4.7 billion).

Why It Matters:
Demand from ETFs creates steady buying pressure, while staking locks up supply, reducing how much SOL is available to trade. Solana’s strong presence in tokenized assets (handling 95% of stock trades) and partnerships with companies like Visa and PayPal position it as a key platform for capital markets. However, Ethereum still leads in institutional adoption, which remains a challenge for Solana (Bitwise).


3. Market Sentiment & Altcoin Trends (Cautious Outlook)

What’s Happening:
The crypto fear-greed index is at 18, indicating extreme fear, and SOL’s price has dropped 41% over the past 60 days. Meanwhile, the Altcoin Season Index rose 22% this month, showing investors are shifting money from Bitcoin (which holds 58.9% market dominance) to alternative coins. SOL’s Relative Strength Index (RSI) is at 30.77, suggesting it may be oversold.

Why It Matters:
If the overall market improves, SOL could rebound. But its price is closely tied to Bitcoin’s performance, and recent ETF outflows—$866 million withdrawn from Bitcoin ETFs last week—could weigh on the market. A drop below $130 support might lead to a wave of forced selling (Binance).


Conclusion

Solana’s price outlook depends on how well it balances faster network upgrades with keeping validators decentralized, the impact of ETF-driven demand, and navigating a cautious crypto market. The key question is whether the Alpenglow upgrade’s speed improvements will outweigh concerns about validator centralization, or if regulatory delays around ETFs will keep prices down. Watch the $148 resistance level—breaking above it could spark a short squeeze pushing prices toward $185.


What is the latest news about SOL?

Solana is navigating the buzz around ETFs and growing interest from big investors, even as the market experiences some uncertainty. Here are the key updates:

  1. Grayscale IPO Changes $35B Crypto ETF Landscape (November 16, 2025) – Solana (SOL) is now part of Grayscale’s ETF expansion, making it easier for institutions to invest.
  2. Big Institutional Bets on Solana: $118M Signals Altcoin Momentum (November 16, 2025) – The launch of the first U.S. Spot SOL ETF is driving demand as investors look beyond Bitcoin.
  3. SEC Speeds Up Solana ETF Approval (November 6, 2025) – Regulators are moving faster, with a possible ETF approval expected by the end of 2025.

In-Depth Look

1. Grayscale IPO Changes $35B Crypto ETF Landscape (November 16, 2025)

What happened: Grayscale Investments filed to convert its $35 billion crypto trust—which includes Bitcoin, Ethereum, and Solana—into ETFs that can be traded directly on the market. This change aims to reduce costs for investors and improve how easily they can buy and sell these assets, similar to existing Bitcoin ETFs. Grayscale’s CEO, Michael Sonnenshein, highlighted that this will make Solana more accessible to institutional investors.
What this means for Solana: This is a neutral development. While easier ETF access could bring in more big investors, expect some short-term price swings as the market adjusts to new fees and ongoing regulatory reviews. (CoinMarketCap)

2. Big Institutional Bets on Solana: $118M Signals Altcoin Momentum (November 16, 2025)

What happened: Last week, institutions invested $118 million in Solana, coinciding with the launch of the first U.S. Spot SOL ETF. At the same time, the Altcoin Season Index hit 100, indicating a shift in investor interest from Bitcoin to alternative cryptocurrencies like Solana.
What this means for Solana: This is a positive sign. Increased demand through ETFs and a move away from Bitcoin dominance suggest Solana could lead the next wave of altcoin growth. However, this momentum depends on overall market conditions and liquidity. (CryptoNewsLand)

3. SEC Speeds Up Solana ETF Approval (November 6, 2025)

What happened: The U.S. Securities and Exchange Commission (SEC) has asked Solana ETF applicants, including Grayscale and VanEck, to update their filings. This indicates a faster review process, with experts predicting approval within 3 to 5 weeks.
What this means for Solana: This is another positive development. Regulatory progress aligns with growing political support for crypto-friendly policies. However, some technical aspects like staking are still under review. (Crypto.news)


Conclusion

Despite a recent price drop of 41% over the past 60 days, Solana’s growing ETF presence and institutional investments offer a counterbalance. While technical challenges like the $148 resistance level remain, regulatory support and ecosystem growth—such as the launch of Solana Mobile’s Seeker device—point to long-term strength. The big question is whether Solana’s ETF approvals will come faster than Ethereum’s, helping it secure its spot as the “third crypto” in the market.