Key Insights
- Solana news: Bitmex founder Arthur Hayes offers a vote of confidence for Solana’s long-term outlook alongside Ethereum.
- Hayes says Solana needs a new growth driver beyond meme coins.
- Coinbase to facilitate trading of Solana tokens without listing, and here’s how.
- SOL retests long-term ascending support level. Here’s how demand is currently looking.
Will Solana be among the layer 1 blockchain networks that will survive in the long term? The crypto and blockchain industry is entering another phase of disruption where real-world value will determine who survives.
The overall consensus around Solana is that it will likely be among the top layer-1 blockchains to endure. In the latest Solana news, we look into what top experts think about the matter.
Bitmex founder Arthur Hayes believes that most blockchain networks will die off and go to zero.
He stated during a recent interview that Ethereum and Solana will be among the few layer-1 blockchains to survive.
Although Hayes was confident about the Solana blockchain’s prospects, he noted that Ethereum was better positioned for mainstream adoption.
Solana News: Arthur Hayes Says Meme Coins Influenced Solana Demand
It is no secret that Solana memes contributed significantly to the network’s volumes, especially in 2024 and parts of 2025.
However, the meme coin narrative has been losing steam and may not be Solana’s saving grace moving forward.
Arthur Hayes acknowledged the meme coins’ influence on Solana’s performance. However, he noted that the network will have to tap elsewhere to maintain similar levels of activity.
Hayes’ statement warrants exploring where Solana has been diversifying its utility. The network has been working towards expanded access to its ecosystem and its latest announcement marked its latest step in that direction.
Solana has reportedly collaborated with Coinbase to make sure that users on the exchange can access to tokens within the network’s ecosystem.
Moreover, this access will be enabled without having to list Solana tokens on Coinbase.
Although the development marked yet another growth milestone for Solana, it may not necessarily constitute a major growth driver.
Like most top networks, Solana has also been pushing towards the RWAs segment. However, there is another area that could underscore massive growth potential for Solana.
The network has been making its mark in the lending market, where its share has grown to over $3.6 billion in the last 24 hours.
Interestingly, JPMorgan just conducted a momentous debt deal with Galaxy, which was conducted on Solana.
SOL Price Dances Along a Major Support Level
SOL price has been consolidating in the $126 to $145 range. The cryptocurrency has been trading within this range since the last week of November and it slid as low as $129 on Thursday.
This slide came after the FED announced another rate cut, and the market crash occurred contrary to expectations. However, SOL’s dip was noteworthy because it retested a major support level.
SOL price bounced back as high as $136 at press time, indicating that there was significant accumulation.
This was accompanied by bullish whale activity across both the spot and derivatives segments. However, demand from whales remained relatively weak.
A demand build-up, especially from the whales in the next few days, will determine whether SOL price will achieve a sizable rally.
In other words, the SOL price might still be at risk of another major capitulation event.
The outcome largely depends on macro factors, particularly the upcoming BOJ meeting which will determine the fate of liquidity flows.
Source: https://www.thecoinrepublic.com/2025/12/12/solana-news-blockchain-among-few-layer1-networks-to-survive-in-future-but/
