Cryptocurrency analyst Scott Melker argued that Solana could be returning to the spotlight after months of silence.
Solana (SOL) is being talked about more than Ethereum for the big rally expected in the last months of 2025.
At this point, many top analysts are saying that SOL is poised for a big rally and that everything is ready for the Solana season.
One of them was renowned cryptocurrency analyst Scott Melker, known in the cryptocurrency community as Wolf of All Streets, who argued in an analysis shared on his X account that Solana could return to the spotlight after months of silence.
The analyst said the final quarter of 2025 could be exciting for Solana, and SOL is poised for a major rally in the coming weeks.
Melker noted that Solana has lagged behind Bitcoin and Ethereum, but positive developments behind the scenes have put SOL in an excellent position for upward momentum. He said the three main narratives that could fuel Solana’s rise are the network’s transaction speed advantages, growing treasury initiatives, and potential ETF inflows.
As bullish expectations for Solana grow, some data related to Solana has also been on the rise. Accordingly, futures open interest and DeFi (decentralized finance, DeFi) metrics have risen alongside the increased capital inflows into the Solana market.
At this point, Solana futures open interest increased by approximately 25 percent in three days, while Solana DeFi TVL also reached an all-time high, with each of the eight protocols exceeding $1 billion for the first time.
Solana futures open interest rose nearly 25% in three days, from $1.49 billion to $1.87 billion.
On the same day, DeFi deposits (TVL Total Locked Value) in the Solana ecosystem reached an all-time high for the first time, with eight protocols each reaching over $1 billion. Decentralized exchange Jupiter, liquid staking protocol Jito, and lending platform Kamino topped the rankings.
