Coinbase Goes All In on Solana As Coinbase Promises Top-Tier Support
January 23, 2025 at 8:06 PMby The Block Whisperer
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Coinbase is upgrading Solana support to rival Bitcoin and Ethereum, betting on its long-term growth. With $9.79B daily volume, analysts eye $400+ SOL by 2025.
Solana is officially on everyone’s radar.
Coinbase CEO Brian Armstrong recently announced that Solana will be getting a big upgrade, receiving support to match Bitcoin and Ethereum’s level of white-glove treatment.
After some growing pains with transaction delays, Coinbase is doubling down on SOL's future.
On January 22, Armstrong addressed recent headaches head-on: "We have the Solana backlog triaged," he posted on X, giving users the green light to retry canceled transactions.
But this wasn’t just a short-term fix – Armstrong signaled that Coinbase is building for what's coming.
He made it clear that he understands that Solana has officially joined the majors.
Bitcoin, Ethereum, and Base-level support means Solana's getting the full Coinbase treatment.
They're specifically beefing up their systems to handle the explosion in DEX trading and those viral memecoins that keep breaking things when folks try to migrate their tokens on and off the exchange.
SOL currently sits at $256.66, pulling in around $9.79 billion daily volume.
That's some serious liquidity flowing into the market, and it’s only picking up from here based on trends.
Those big inflows are part of the reason that analysts are eyeing $400-500 by mid-2025 – levels that were previously seen as memes in and of themselves.
Some are making even bolder calls for $1,100 by year-end, a multiple on billions that can make even the most seasoned analyst’s head spin.
These are the type of figures that, when taken into context, are driving Coinbase's strategy.
Recent memecoins like TRUMP and MELANIA pushed Coinbase's systems to the limit.
But Armstrong sees things a bit differently – calling it a "high-quality problem."
A platform struggling because too many people want in… other exchanges dream about that kind of problem.
Coinbase isn't just upgrading some servers. They have the coffers to make that happen overnight.
The big news is that they’re betting Solana is officially here to stay.
Better infrastructure means easier access for retail traders, making it a bit of a self-fulfilling prophecy.
When the biggest U.S. crypto exchange gives a blockchain this kind of attention, institutions notice, completing yet another part of the equation.
Interestingly, this move comes right as Armstrong's pushing for countries to build Bitcoin reserves.
Coinbase isn't just reacting to market changes but actively trying to shape crypto's future— and Solana is part of that vision.
Watch how other exchanges respond – when Coinbase moves, the industry follows.
Better Solana support across major platforms could unlock the next wave of adoption.
Solana has plenty of room to grow between DeFi, NFTs, and Web3 gaming.
With Trump back in office and crypto-friendly faces at the SEC, Coinbase might be positioning for a bigger shift in how America handles digital assets.
Solana's speed and cheap fees make it perfect for mainstream adoption – exactly what Coinbase needs right now.
It looks like crypto is finally in the limelight, and Solana is enjoying being a big part of that shimmer.
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