Solana News Today: Institutional Push Fuels Solana's Bullish Outlook Amid ETF Launch and Coinbase Integration

Solana's Institutional Growth and Market Outlook

Solana is set to surpass Ethereum in the coming years, according to Anthony Scaramucci, co-founder of Skybridge Capital. His comments come amid a flurry of developments across the crypto market, particularly in DeFi and institutional adoption, as new infrastructure and partnerships continue to fuel bullish sentiment.

The XRP token has recently expanded its reach, with Hex Trust launching wrapped XRP (wXRP) on multiple blockchain networks, including Solana, Ethereum, and Optimism. This move is expected to enhance XRP's utility in decentralized finance and cross-chain applications. Despite the technical progress, XRP remains within a tight price range, facing key resistance near $2.05 and support around $2.00.

Meanwhile, Solana's ecosystem is gaining momentum, driven by institutional adoption and technological advancements. The Invesco Galaxy Solana ETF is expected to launch soon, and Coinbase has integrated Solana-based tokens directly into its platform, eliminating the need for formal listings.

Institutional Adoption Drives Solana's Growth

Institutional adoption is playing a key role in boosting Solana's profile. The Invesco Galaxy Solana ETF, which is nearing launch, represents a major milestone for mainstream investment in the asset class. The ETF offers institutional and retail investors exposure to Solana without the need for direct token management.

In addition, Coinbase's new integration allows users to trade Solana-based tokens directly via a decentralized exchange (DEX) without requiring a formal listing. This development, announced by Coinbase protocol specialist Andrew Allen, is expected to drive liquidity and expand the user base for Solana projects. The feature mirrors a similar initiative launched on Coinbase's Base network in August and signals a broader trend of centralized exchanges embracing decentralized infrastructure.

Technical Outlook and Market Structure

Solana's price action remains in a consolidation phase, trading between $126 and $150 as of December 12, 2025. Traders are closely watching the $125–$130 support zone, which is critical for trend validation. A breakdown below this range could expose the token to further downside, while a breakout above $150 would reset long-term targets at $179, $200, and beyond.

Despite short-term price weakness, Solana continues to show strong on-chain metrics. DeFiLlama data reveals that Solana's decentralized exchange (DEX) volumes have surged 27% week-over-week, reaching $24.2 billion. Active wallet addresses and stablecoin transfers are also rising, indicating growing adoption within the network. However, the price remains in consolidation, signaling a divergence between fundamentals and market sentiment.

Institutional Infrastructure and Ecosystem Growth

Solana's institutional infrastructure is expanding rapidly, with new tools and services tailored for fund managers and enterprise users. At the Breakpoint 2025 conference in Abu Dhabi, the ecosystem unveiled custody solutions, compliance frameworks, and staking tools designed for institutional-grade operations. The event also showcased Firedancer, a new validator client that improves network efficiency and reduces latency.

The Solana ecosystem's expansion is also reflected in the performance of related projects. For example, Solana Mobile's SKR token is set to launch in January 2026 with a 10 billion supply, with 30% allocated for airdrops and unlocks. These developments suggest that Solana is positioning itself as a serious contender in the institutional market.

Risks to the Outlook

Despite the positive momentum, Solana faces several challenges that could cap its near-term upside. Regulatory uncertainty, particularly around tokenized assets and staking products, remains a key risk. Recent developments, such as BlackRock's filing for an Ethereum staking ETF, highlight the evolving regulatory landscape and the potential for new entrants to shift investor preferences.

Additionally, competition from other blockchains, including Ethereum and emerging projects, could slow Solana's growth. Ethereum's recent upgrades and the proliferation of presale tokens have attracted attention from retail investors, potentially diverting capital from Solana-based projects. For Solana to maintain its leading position, it will need to continue innovating and securing institutional partnerships.

What This Means for Investors

For investors, the current environment presents both opportunities and risks. Solana's strong institutional adoption and on-chain fundamentals suggest a bullish long-term outlook, particularly if the price can break above the $150 level. However, near-term volatility and resistance above $130 mean that traders should remain cautious.

Market participants are also watching closely as Robinhood and other major platforms expand their crypto offerings. Robinhood's recent launch of staking for Ethereum and Solana in New York signals growing institutional confidence in the asset class. This trend could drive further adoption and provide new avenues for yield generation.