Solana

The market is attempting to steady after sharp swings, with total capitalization around $3.01 trillion, according to CoinMarketCap. Bitcoin is near $89,100 and up about 1.1% over the past 24 hours, while Ethereum trades close to $3,030. Sentiment remains guarded, with the Fear & Greed Index at 29 and altcoin participation muted.

According to Dune, Solana’s network activity fell 97% in Q4 2025, with monthly active traders sliding from over 30 million in late 2024 to under 1 million in 2025. SOL dropped from nearly $300 to the $120 yearly support as memecoin-driven activity weakened, while analysts debated outcomes ranging from a $50–$75 target in H1 2026 to a 15% rebound toward $134–$140.

On December 22, 2025, Cardano founder Charles Hoskinson warned that rushing post-quantum cryptography could slow blockchain networks and increase costs. He said the necessary tools exist but are inefficient today, urging developers to track benchmarks including NIST's 2024 standards and DARPA's 2033 decision point.

Ethereum's mainnet is currently handling between $90 billion and $100 billion in daily stablecoin transfers, with monthly volumes reaching as high as $2.82 trillion in October 2025. Over the past three months, Solana's on-chain SOL-USD activity has matched or exceeded the combined spot volumes of Binance and Bybit, as stablecoin markets on both chains grow and segment between USDT on Ethereum and USDC on Solana.

On December 21st, trader Captain Faibik, known for previously calling a major Bitcoin price drop, argued that the recent crypto correction has ended and a new bull phase is approaching, with BTC potentially reaching $120,000. Analysts are also tracking altcoin strength via the Total 3 market cap and highlighting Ethereum, Solana, Chainlink, Ethena and Bitcoin Hyper as standout opportunities based on on-chain data, technical setups and institutional interest. Whale accumulation, ETF inflows and a $30 million Bitcoin Hyper presale are among the key metrics underpinning these bullish outlooks.

Bitcoin Munari will conclude its BTCM presale on December 23 before listing the token on the public market on December 28. The team advanced this schedule after completing internal launch milestones ahead of time, keeping the fixed supply at 21 million BTCM and moving initially as a Solana SPL token with a later Layer-1 transition planned. The final presale round runs at a fixed price of $0.015 and includes an allocation without vesting, with remaining tokens reserved for validators, liquidity, the core team, and ecosystem growth.

On 21 December 2025, Anthony Scaramucci reiterated his long-term bullish stance on Solana, arguing at the Solana Breakpoint conference that SOL could eventually climb to $2,500 despite recent market weakness. He attributed the token's underperformance and broader altcoin slowdown in 2025 to inflation, regulatory delays, and a strong focus on stablecoins. Scaramucci stressed that any move toward this target would likely be volatile and heavily influenced by macroeconomic and regulatory developments rather than short-term hype.

According to developer Edward Hennis on December 19, 2025, Ripple is preparing a protocol-native lending framework on the XRP Ledger with fixed rates and fixed maturities. Amendments are expected to enter validator voting in late January, and the design centers on Single Asset Vaults with designated administrators to manage underwriting and operations.

Ripple is steering the XRP Ledger toward institutional-grade, protocol-native lending focused on fixed-term, fixed-rate facilities with isolated risk. The architecture centers on Single Asset Vaults for assets such as XRP and RLUSD, enabling yield generation tied to payments and trading workflows. Amendments for governance are expected to enter validator voting in late January.

On December 20, 2025, Solana co-founder Anatoly Yakovenko shared data indicating Solana's annual revenue has overtaken Ethereum's. The projections point to $1.4 billion for Solana versus $522 million for Ethereum. He also argued Layer-1 relevance hinges on the execution layer as debates over sustainable protocol revenues intensify.