Could Solana's TVL Surge and Memecoin Boom Fuel a $295+ Price Breakthrough?

Solana’s native token, SOL, has recently demonstrated notable momentum amid broader altcoin market gains, with its price surging 70% from June 22 to August 29, though it has yet to breach the $220 level. On-chain data and technical indicators suggest the token is in the early stages of a potential bullish V-shaped recovery pattern, which, if completed, could drive the price toward $252 and potentially even all-time highs of $295 or higher. The total value locked (TVL) on the Solana blockchain has reached a record $12.27 billion, reflecting strong growth over the past 30 days and outpacing the TVL of Ethereum’s layer-2 ecosystems. This rise in TVL is being driven by platforms such as Raydium, Jupiter DEX, and Jito, which have seen significant increases in their respective contributions.

Solana’s TVL growth coincides with a 70% rise in the market capitalization of Solana-based memecoins over the last three months, from $7.3 billion to $12.4 billion. This increase in memecoin activity has also driven decentralized exchange (DEX) volume related to these tokens, which rose by 73% in the last 24 hours to $817.3 million. Analysts suggest that the growing utility and usage of the Solana network could further support price appreciation, particularly if the token breaks through key resistance levels such as $220.

Cardano (ADA), on the other hand, has shown improved price action but still faces structural challenges. The token has recently formed an ascending structure on the Binance chart, with higher lows pushing against resistance at $0.88–$0.90. While some analysts believe ADA could break above $0.90 and potentially test the $1.00 psychological level, the project continues to struggle with limited decentralized finance (DeFi) activity and the absence of a stablecoin, which has led to a decline in market traction compared to emerging layer-1 chains like Hyperliquid. Daily DEX turnover for ADA stands at $2.89 million, significantly lower than the $361 million on Hyperliquid.

Amid the strong institutional interest in Solana and the uncertain fundamental outlook for Cardano, Remittix (RTX) has emerged as a potential high-growth alternative. A PayFi-based project, Remittix offers real-world utility through its crypto-to-bank payment rails, which are already operational in over 30 countries. The project has raised over $24.6 million through the sale of 652 million tokens and is currently priced at $0.1050. Recent developments include confirmed listings on BitMart and LBank, as well as the announcement of a beta wallet launch scheduled for September 15, 2025. Analysts view these milestones as indicators of strong investor confidence and potential for exponential growth, with some predicting a 20x price increase by year-end.

Investors remain divided on whether Solana, Cardano, or Remittix could deliver the most significant returns before the end of September. Solana’s institutional tailwinds and rising TVL suggest a strong case for further price appreciation, while Cardano’s technical structure offers limited upside given its ongoing fundamental challenges. Meanwhile, Remittix’s focus on real-world utility and early market traction position it as a compelling alternative for investors seeking high-growth exposure in the crypto market.