Can Solana Hit $300? DeFi, Treasury Adoption Fuel Debate

- Corporate treasury allocations, $121.8 billion in DEX volumes, and cross-chain upgrades drive momentum. - Key developments bolster trader speculation on Solana’s market potential. Traders speculate that Solana’s native token (SOL) could rise to $300. This optimism is fueled by accelerated activity in its decentralized finance (DeFi) ecosystem, significant corporate treasury investments, and its growing dominance in decentralized exchange (DEX) trading volumes. On September 15, 2025, Cointelegraph reported that multiple companies adopted SOL as a core treasury reserve asset, a move highlighting their confidence in its long-term market prospects. For instance, the medical and technology design firm Forward Industries raised $1.65 billion exclusively to acquire SOL, with Galaxy Digital, Jump Crypto, and Multicoin Capital supporting the financing. Similarly, DeFi Development Corp disclosed that it holds over 2 million SOL, while Sharps Technology is raising $400 million to expand its SOL reserve. Collectively, corporate treasuries now hold approximately 2% of the total SOL supply, valued at $2.84 billion. Adding to this momentum, Pantera Capital launched Helius (HSDT), a Solana-backed treasury vehicle listed on Nasdaq. The initiative began with a $500 million private placement, and the firm aims to scale it up to $1 billion, opening new avenues for institutional investment in Solana’s ecosystem. Interoperability upgrades also fuel optimism for SOL. A proposed open-source bridge will connect Solana to Base, Coinbase’s Ethereum layer-2 solution, to enhance cross-chain functionality. The initiative aims to integrate Solana’s infrastructure with Base’s 20 million active addresses, which will facilitate seamless asset transfers between the two networks. DEX activity further underscores Solana’s market strength, as the network surpassed Ethereum in DEX trading volume in September by processing $121.8 billion. This activity generated sustained demand for SOL from transaction fees. Adding to this momentum, World Liberty Financial (WLFI), backed by Donald Trump, partnered with Solana’s memecoin platform Bonk.fun and the Raydium DEX to fund multimillion-dollar promotional rewards for USD1 stablecoin pairs. Additionally, WLFI integrated its native stablecoin, $USD1, into the Solana ecosystem, a move boosting both adoption and liquidity. According to CoinMarketCap, Solana (SOL) traded at $235.109 as of 22:08 UTC on September 15. Its 24-hour trading volume decreased by 3.248%.