Fundamental Analysis of Solana (SOL) on July 10, 2025: Growth Outlook or Emerging Risks?

Fundamental analysis of SOL on July 10, 2025, explores network growth, DeFi and NFT adoption, and economic factors.

As of July 10, 2025, Solana (SOL) is trading at approximately $153 on Coinbase, showing signs of renewed demand after a period of correction. This fundamental analysis explores the key factors driving Solana’s market and forecasts its potential trajectory. Solana’s network growth is a major driver of SOL’s value. The total value locked (TVL) in Solana-based DeFi protocols has surged from $396 million in December 2022 to over $8.69 billion by July 2025, a 2,094% increase. This remarkable growth reflects improved infrastructure following past scalability and outage issues, making Solana a top choice for DeFi and NFT projects. Data indicates that Solana’s NFT trading volume has recently surpassed Ethereum’s, signaling growing adoption. Technological advancements also bolster Solana’s position. Recent network upgrades have enhanced stability and efficiency, with Solana processing over 50,000 transactions per second. Upcoming upgrades are expected to further improve scalability and security, positioning Solana as a strong competitor to Ethereum in the blockchain space. From an economic perspective, global monetary policies have favored Solana. The Federal Reserve’s interest rate cut in June 2025 has made high-risk assets like SOL more attractive. A weakening U.S. dollar, with the DXY index around 96, has driven capital flows into crypto markets. However, regulatory risks remain a concern, as new regulations in some jurisdictions could impact Solana’s adoption and value. Whale activity is significant. Reports of a DeFi entity purchasing 17,760 SOL tokens worth $2.72 million indicate substantial accumulation. However, large transfers to exchanges could create selling pressure, leading to short-term volatility. Indicators like the RSI suggest SOL is approaching overbought territory on the daily timeframe, which could signal a potential price correction. Overall, Solana’s fundamental factors—network growth, DeFi and NFT adoption, and economic conditions—point to a bullish outlook. Nonetheless, investors should remain cautious of regulatory risks and market volatility. A long-term investment strategy with robust risk management is the optimal approach to capitalize on SOL’s potential.