Solana News: Traders Migrate to Lightchain AI Amid Network Congestion and Market Dynamics, SOL Faces Key Test at $1

Solana (SOL) Traders Migrating to Lightchain AI

As we enter the last month of Q1 2025, Solana (SOL) traders are shifting focus to Lightchain AI, an AI-powered blockchain project that has raised over $17.9 million. Network congestion, competition, and evolving market dynamics have led investors to explore alternatives. Lightchain AI integrates AI with blockchain technology, offering real-world applications beyond traditional DeFi and NFT ecosystems.

On-Chain Data Signals Key Test For Solana At $135 Level

Solana has been struggling since late January, experiencing a sharp decline alongside the broader crypto market. SOL has lost over 60% of its value, with bulls now fighting to hold onto current price levels. Analysts remain skeptical, calling for a continuation of the downtrend. Despite the negative sentiment, some investors remain optimistic about a quick and strong recovery in the coming months if broader economic and liquidity conditions improve. On-chain data from Glassnode reveals that $135 is a major resistance level for Solana according to the UTXO Realized Price Distribution (URPD) indicator.

Xandeum Unveils pNodes for Solana Storage

Xandeum Labs has launched its highly anticipated pNodes, a breakthrough storage scaling solution designed for Solana smart contracts. The incentivized Provider Nodes aim to solve Solana’s persistent challenge of lacking a scalable, efficient storage layer for data-heavy decentralized applications. Solana is celebrated for its high throughput, low latency, and cost-effective transactions, but validators have struggled with storing large amounts of data, creating bottlenecks for emerging dApps. pNodes are intended to fill this gap.

Solana CME Futures Launch: Lower Volume Compared to BTC and ETH, ETF Approval Likely

The launch of Solana [SOL] Futures on the Chicago Mercantile Exchange (CME) marked a significant step in the asset’s institutional adoption. However, trading activity on the first day fell short when compared to previous futures debuts of Bitcoin [BTC] and Ethereum [ETH]. According to CME data, Solana Futures saw $12.1 million in trading volume on March 17th, with $7.8 million in Open Interest. In comparison, Bitcoin futures launched in December 2017 with $102.7 million in first-day volume and $20.9 million in Open Interest. Regulated Futures have historically led to ETF approvals, and Bloomberg Intelligence gives SOL a 70% chance of ETF approval by late 2025.