Solana (SOL) is gaining traction among traders and analysts, with many believing a price of $300 is within reach. This optimism stems from several factors, including increased on-chain activity, digital asset treasury allocations, the expansion of Solana's DeFi ecosystem, and the emergence of Digital Asset Treasuries (DATs).

One key driver is the increasing corporate treasury investments in SOL. This consistent demand strengthens SOL's price momentum, signaling confidence in Solana's security and scalability. Franklin Templeton's recent extension of its Franklin Onchain U.S. Government Money Fund to Solana marks a significant step in bridging traditional finance (TradFi) and decentralized infrastructure.

Solana has also surpassed Ethereum in decentralized exchange (DEX) volumes, processing $121.8 billion in monthly volume, which is 90% higher than BNB Chain. This DEX dominance is crucial because higher volumes generate more fees, creating recurring demand for SOL to pay for transactions. Fees on Solana have risen 23% in the past week, according to Nansen data.

Solana's push into mobile technology is also contributing to its growth. The Solana Mobile Seeker, a Web3 phone, has shipped over 150,000 units in 2025. By embedding blockchain into consumer hardware, Solana is creating a user base that drives transaction volume and dApp engagement.

Moreover, analysts anticipate that the U.S. Securities and Exchange Commission (SEC) may approve spot SOL ETFs in October. VanEck's upcoming SOL ETF has already been listed on the DTCC, nearing the completion of the approval process. This approval could lead to a massive influx of capital into SOL.

Currently, Solana (SOL) is trading at $234.46, representing a 8.64% increase over the past 7 days. Technical analysts have observed a golden cross on Solana's daily chart, indicating a potential for further gains. The altcoin has shown strong recovery since June, gaining approximately 89% in the past three months.

Solana's journey toward $300 is supported by compounding infrastructure wins, including institutional adoption, mobile integration, and developer velocity. The convergence of these factors positions Solana as a foundational layer for Web3's next phase.