Solana does not look great at moment, but if you compare the numbers to before, you can see the pattern more closely. SOL had sharp drops in past cycles and then made rapid recoveries, usually faster than most people guess. It is not definite however the statistics make things clearer than basing on assumptions.

In previous years compared to right now

2021 Peak period:
SOL reached $259
Network processed about 40 million transactions per day
Fees almost not existing and TPS were high

2022 FTX disaster:
Price fell to $8 (almost all the value lost)
Total value locked went from $10 billion to below a $300 million
Most people thought the project was finished

2023 got better:
SOL moved back up to around $120-$130
Over 600,000 wallets were active again per day
TVL regained to over $1 billion

Present decline (end 2024 / beginning 2025):
Trading price is way lower compared to before in 2024
TVL, again, down by a major amount
Feelings of “dead chain” return, same as two years ago

Why all this is important

Every big crash historically brought a 3 up to 10 times rebound when the network usage grew again. Most often after full drop SOL had average recovery time between 6 to 14 months. No time ever saw usage hit zero — during 2022 even, Solana handled more network activity than ETH.

Probable next steps (not advice)

If it goes back to regular cycle levels, it in most cases sits around an $80-$120 before even new highs. Strong cycles used to put it into the top 5 for the market capitalization. These are just the figures, compared side by side and what earlier cycles show when sentiment becomes most negative, you know.

This isn’t financial advice just the numbers, side by side, and what previous cycles suggest when sentiment hits rock bottom.

May your candles be forever green. See ya tomorrow

Support the creator
💼 C Wallet: The easiest place to store and swap crypto with VERY low fees + Free reward upto 10 USD
🤖 Telegram Bot: Tracks your portfolio, 0 fees, sends token alerts, and saves you hours of scrolling