SOL-USD
Solana
Crypto
Price today
$77.76
Recent high
$294.34
-73.6% from high · cheap vs its own history
charlieapp.co
Index ETFs don't have their own calculated Value. They hold hundreds of companies — we work out whether the group is expensive or cheap versus its history.
From high
-74%
all-time high
Cycle low
$0.51
historic floor
Premium
+15292%
above the low
Current cycle zone
You are 74% below the all-time high, and 15292% above the low of the cycle. The signal comes from where you sit in that range.
The floor of the cycle is at $0.51; the ceiling, at $294.34. The closer to the floor, the better the spot to build in slowly.
It has no intrinsic value from fundamentals — the range comes from price highs and lows. The final call is yours; buying gradually (DCA) means a little at a time.
The business
Crypto's cheap, fast highway: quick until it crashes.
Solana is a base-layer blockchain (the main network everything is built on) and a high-performance one: it can process up to around 65,000 transactions per second in theory, with fees of just cents. It makes money by charging fees on each transaction and through MEV (the extra gains earned by ordering transactions a certain way). Those who validate the network (validators, the computers that confirm operations) receive newly issued coins each year (about 4.7% more per year) plus those fees. Today most of the activity is in stablecoins (crypto pegged to the value of the dollar), in exchanges without intermediaries (DEX), and in so-called memecoins (crypto born from internet jokes or fads).
Its speed and low cost attract many small investors and market makers (firms that place buy and sell orders so there's always someone to trade with); that generates liquidity (money available to buy and sell easily), and that liquidity retains developers. But its edge is one of execution (it does it well in practice), not of protocol (it's not shielded by its design): if another base-layer network matches its speed with fewer service outages, that edge wears down.
Revenue history
From $0.1B to $3.2B in 4 years — nearly 32x its size. Selling more and more is the base of everything else.
Catalysts and risks
Exchange-traded funds were approved (ETF, funds bought like a stock) that also let you earn rewards by leaving your coins working on the network (staking): there are 8 issuing companies competing since 2025.
It's expected to be officially classified in the United States as a commodity (like gold or oil) by March 2026.
Real-world assets turned into crypto (RWA, like bonds or real estate brought onto the chain) already exceed $2 billion within the network; and leaving your coins working yields around 7% per year, on more than 60% of all coins in circulation.
There are coins that will be released gradually (unlocks) coming from what's left of the bankrupt FTX, which creates constant selling pressure.
It has a history of service outages and suffered an attack (exploit) on Drift for $270 million in April 2026, which casts doubt on its soundness.
A larger share of its coins is held by venture capital funds (VCs, which bet on new projects) compared to Ethereum (ETH), which implies dilution (your share being worth less as there are more coins) and an excess of supply waiting to hit the market.
Charlie's note
“You pay a high price based on a promise, for an edge that is one of execution (doing it well in practice) and not of design: speed attracts liquidity, but another base-layer network with fewer outages can take it from you. With issuance that dilutes your share by about 4.7% a year and activity heavily leaning on memecoins, it's worth demanding a discount and having patience before touching it.”
Analysis · May 2026
Charlie informs, it doesn't advise. No information should be taken as a recommendation to buy or sell.