Solana

On 25 December, Schizoxbt reported steep 2025 declines across major Layer-1s, with Ethereum -15.3%, Solana -35.9%, Avalanche -67.9%, Sui -67.3%, and TON -73.8%, while BNB and TRX rose 18.2% and 9.8%. Token Terminal data showed Tron led revenue at $3.5 B; Solana fees hit $699.9 M and Ethereum $549.3 M, as user activity stayed elevated.

Analysts say Solana remains capped below $127, with bulls defending around $123 as momentum wanes. According to the article, SOL ETFs logged about $1.4M in inflows on December 24, but traders are watching for a high‑volume break above $144 to confirm trend continuation.

On 25 December 2025, commentary from Rob Hadick argued that growing tokenization will likely support a shared digital economy instead of a single dominant blockchain. He sees Ethereum evolving as a core settlement and capital layer while Solana focuses on speed and high-volume activity, with fragmentation across multiple networks expected as more assets move onchain.

At the start of 2025, a hypothetical $1,000 split evenly across Bitcoin, Solana, Ethereum, and Avalanche was aligned with Anthony Scaramucci's stated crypto preferences. As of December 25, that mix was worth roughly $680–$710, with BTC down around 6–8%, ETH off about 12%, SOL lower by approximately 36%, and AVAX down about 66%.

Dragonfly General Partner Rob Hadick said on Squawk Box that Solana and Ethereum can grow together as tokenization expands, each serving different roles. According to RWA.XYZ, Ethereum’s market including stablecoins is $183.7 billion versus Solana’s $15.9 billion. Recent migrations and capital flows highlight fee and scalability trade-offs across the two networks.

Solana reached an all-time high of 409 million staked SOL, according to Blockworks, strengthening security while raising decentralization questions. The Solana Foundation cut delegated SOL from 85 million to 23 million, and validator count fell 68% from 2,500 to 800. RWA holders surpassed 115K, yet Q4 2025 net flows were $216 million versus over $1 billion for BNB Chain and Ethereum.

On 25 December 2025, an article outlined ChatGPT's view that crypto is entering a selective phase where capital concentrates on networks with liquidity, real usage, and credibility. It highlights Bitcoin, Ethereum, and Solana as best placed for 2026, emphasizing institutional relevance, financial infrastructure strength, and user traction rather than broad speculative rallies.

On 24 December, Solana's price traded below short-term support near $122 while remaining locked in a wider $122–$145 range. On-chain data showed opposing leveraged whale positions and dense liquidation liquidity between $121 and $133, keeping downside risks elevated despite ecosystem developments.

PENGU advanced 1.8% to $0.00906 as of December 25, 2025, even as major cryptocurrencies fell. A branding push tied to Pudgy Penguins' Las Vegas Sphere Exosphere display lifted visibility and interest in the token. Analysts cited marketing momentum and social engagement rather than protocol changes behind the move.

Upexi, a Nasdaq-listed consumer products company, has filed a shelf registration that would allow it to raise up to $1 billion over the next three years while deepening its Solana-based treasury strategy. The firm already holds about 2.03 million SOL, valued near $254 million, and focuses on staking and long-term holding even as its share price has dropped sharply from this year's peak. Its recent quarterly results showed $66.7 million in net income on $9.2 million in revenue, largely driven by mark-to-market gains on Solana rather than core operations.