Solana's ecosystem has seen rapid growth recently, with on-chain Total Value Locked (TVL) surging over 15%. This reflects strong adoption in DeFi, NFTs, and emerging narratives like AI and DePIN. Stablecoin volumes hit all-time highs, and DEX activity dominates, signaling robust network health. SOL’s price, currently around $133, faces resistance but shows resilience. Analysts predict a potential rally to $400 in 2025 if bullish trends persist, driven by ecosystem expansion and possible ETF approval. However, challenges like network congestion or regulatory hurdles could cap gains. With TVL nearing previous peaks and market sentiment turning positive, SOL has a shot at challenging its all-time high of $294. Sustained adoption and macro conditions will be key.