Solana News Today: Solana Stalls at $205 as Layer Brett Stakes Claim to 8,000% Surge

Solana (SOL) has remained relatively stable, with the price hovering around $205, despite a surge in speculative activity in the derivatives market. Open interest (OI) in Solana’s futures contracts reached a record high of $13.68 billion, signaling heightened market participation and bullish sentiment among traders. This increase in OI often precedes significant price movements, as seen earlier in the year when a 188% rise in OI led to a 103% increase in SOL’s price. The current trajectory is being closely watched by analysts, with some suggesting that a breakthrough above key resistance levels could set the stage for a rally toward $1,000. Technical indicators, including a bullish megaphone pattern and a cup-and-handle formation, are being highlighted as potential precursors to such a move. If the price breaks above $330, it could reach as high as $1,057, a 400% increase from current levels. Analysts also note that a decisive move above $210 is seen as a critical threshold for further upward momentum.

In parallel, discussions have emerged around alternative projects built on blockchain infrastructure, particularly those with hybrid characteristics of meme culture and scalable utility. One such project, Layer Brett (LBRETT), has attracted attention from analysts who suggest it could experience explosive growth in 2025. Currently priced at $0.0053, Layer Brett is being described as a Layer 2 solution on the Ethereum network, offering fast transactions at low costs—up to 10,000 transactions per second for less than a penny each. The project has introduced a presale at this price point, with early adopters eligible for staking rewards of up to 1,020% annual percentage yield (APY). These incentives, coupled with a community-driven approach, are seen as factors that could drive widespread adoption. Analysts estimate that Layer Brett could see an 8,000% increase in value by 2025, outpacing traditional meme coins like Dogecoin (DOGE) or Pepe (PEPE), which rely largely on virality and community support without introducing substantial technological improvements.

Layer Brett’s potential is attributed to its integration of scalable blockchain infrastructure with features such as NFT compatibility and gamified staking incentives. This blend is expected to appeal to both retail investors and institutional participants seeking high-growth opportunities. The tokenomics of Layer Brett are also designed with a capped supply of 10 billion tokens, which analysts say adds an element of scarcity and long-term value retention. A $1 million giveaway to community members further underscores the project’s emphasis on participation and engagement, factors often cited as drivers of success in decentralized ecosystems.

Despite the optimism around Layer Brett, the broader Solana network faces mixed signals regarding its on-chain activity. While Solana’s DeFi ecosystem holds $12 billion in total value locked (TVL), the network’s transaction volume has dropped by 99% over the last 30 days, according to Nansen data. This decline contrasts sharply with Ethereum, where transaction activity increased by 39% in the same period. Solana’s active address count also fell by 22%, raising concerns about user engagement and the sustainability of its growth narrative. Decentralized exchange (DEX) volumes on Solana have declined for three consecutive weeks, dropping by 65% to $10.673 billion, according to DefiLlama data. These trends may present headwinds to Solana’s price recovery and highlight the importance of ecosystem growth as a driver of long-term value.

The recent approval of Solana’s Alpenglow upgrade, which reduced transaction finality from 12.8 seconds to 150 milliseconds, is being viewed as a positive development for the network. The upgrade, supported by 98.27% of validators, has been praised for enhancing Solana’s throughput to 107,540 transactions per second. This improvement is expected to bolster Solana’s competitiveness against Ethereum, particularly in the DeFi and NFT sectors. However, the upgrade’s impact on user adoption and on-chain activity remains to be seen, and analysts caution that technical improvements alone may not be sufficient to sustain a bullish price trajectory without increased network participation.

Meanwhile, institutional interest in Solana has been bolstered by the Nasdaq listing of SOL Strategies, a Toronto-based digital asset firm focused on Solana staking and infrastructure. The company, which previously operated under the name Cypherpunk Holdings, holds 435,064 SOL tokens, valued at approximately CAD$122 million as of August 31, 2025. The listing of its shares under the ticker STKE on September 9 is expected to enhance the visibility of Solana-based investments and attract institutional capital. The firm’s CEO, Leah Wald, stated that the listing will improve liquidity, broaden access to capital markets, and strengthen the Solana ecosystem’s institutional footprint. The move is part of a broader trend of institutional players entering the blockchain space, with Solana positioned to benefit from increased validator growth and operational scalability as staking demand rises.

Source: [1] SOL Strategies Wins Nasdaq Listing, Shares to Trade ... (https://www.coindesk.com/business/2025/09/05/sol-strategies-wins-nasdaq-listing-shares-to-trade-under-stke) [2] Solana Open Interest Hits $13B All-time High (https://cointelegraph.com/news/solana-charts-1000-sol-price-target-open-interest-all-time-highs) [3] Best Crypto to Buy in 2025: Why Layer Brett Could ... (https://coincentral.com/best-crypto-to-buy-in-2025-why-layer-brett-could-outshine-dogecoin) [4] Layer Brett Price USD, LBRETT Price Live Charts, Market ... (https://www.bitget.com/price/layer-brett) [5] PEPE Price Prediction: As Layer Brett Goes Mega Viral ... (https://www.mitrade.com/insights/news/live-news/article-3-1097074-20250905) [6] Ethereum vs Solana - Linda Liu (https://medium.com/@lindaliuAus/ethereum-vs-solana-90fac0cd6251)