Following the decrease in trading volumes of cryptocurrencies, Solana (SOL) is now seeking new stimuli to regain its value. Decentralized Physical Networks (DePIN) are key factors that can contribute to its growth, showing significant progress in the Solana ecosystem recently. Projects like Helium Mobile saw a ninefold growth to 145,000 users in February, accompanied by increased demand. These projects generated around $350,000 in revenue in 2025, indicating a growing sector. But will this growth positively impact SOL’s price? In January, during the cryptocurrency peak, Solana’s decentralized trading volume reached $3 billion, driving SOL price to $295. However, a 60% decrease in trading volume led to a price drop to the support level of $120. Meanwhile, Solana user activity dropped from 5.7 to 2.7 million active addresses. Although this number stabilized around 3.1 million in mid-March, it remains below the January peak. Currently, SOL is trading around $133 and is below the 50 and 200-day moving averages, indicating a downward trend. Nonetheless, Accumulation/Distribution (A/D) index shows an uptrend, signaling smart money inflow. If the growth of DePIN can fill the void left by cryptocurrencies, Solana’s price may rise again and return to its historical levels.
