Solana (SOL) Eyes $1,000 Long-Term Target Amid Major Revenue Surge in 2025

Solana has once again become a topic of intense debate as price action cools off while network fundamentals continue to strengthen. As observed by market observer Crypto Patel, the holders of the currency feel strongly about the target of $1,000 in Solana.

Though it may be achieved in the long term, the trend in the short term is certainly not the same. It is important to understand that markets do not function in a linear manner, and the current state of Solana is a correction phase before a major trend emerges.

Looking at it from a broader market perspective, this correction is not anything unusual either. Large gains in price typically lead to a brief halt in which the market adjusts, and some speculators cash in their gains.

Currently, Solana is all about seeing what happens when it comes close to critical support levels and not so much about hitting targets.

Also Read: Solana and Ethereum Poised to Explode as Tokenization Accelerates

Solana Chart Structure Signals Accumulation Phase

Taking a look at the long-term weekly chart of SOL/USDT, we can see the position of Solana within its cycle. It was observed to have peaked within 2021 and then continued to move lower for the rest of 2022 and the beginning of 2023, forming a clear downtrend channel.

The decline then reached the support level of $10 to $15, which was similar to a deep retracement from the previous bull trend. The transition out of this region happened quite quickly and obviously.

Source: X

Solana, which got out of the downtrend, rallied over 600% and clearly demonstrated that there is a different structure in the market. Rather than declining after that significant hike, there was a wide range of consolidation in terms of the market’s price.

SOL was following the upward trendline and support levels from 2024 to the beginning of 2025. The actual retreat is bringing prices closer to the 0.5 to 0.618 levels of the last increase. Another major level was $120, according to Crypto Patel.

Below this, prices may break below $100, and there would be a bigger buy zone from $98 to $50. Historical trends have usually implied good long-term entry points for pullbacks rather than the end of the cycle.

Revenue Leadership Strengthens Long-Term Case

Though prices may be calming down, Solana’s blockchain has a different story to tell. According to CryptoRank and Artemis Analytics, Solana has made a revenue of approximately $1.3 billion in 2025, placing it at the top of the list of highest-earning blockchain networks.

Source: X

The second-highest earner, Ethereum, made a revenue of approximately $524 million, far behind Solana. The primary source of this revenue came through DeFi and memecoins.

Solana processed heavy volumes at an economical rate and supported around 39.8 million active addresses and a TVL of about $17.3 billion. This is also the third quarter in which Solana outperformed others in terms of revenue.

Also Read: Solana (SOL) Could Surge to $308 as Ondo Finance Brings Stocks and ETFs to Solana