Deep Dive
1. Liquidity Grant Program (Bullish Impact)
Overview
Saros’ $10M grant program incentivizes projects to pair tokens with SAROS, creating zero-fee liquidity pools. Partners like BONK and PORTALS have already joined, driving higher volume/TVL ratios in SAROS-based pools (CryptoTimes).
What this means
Increased demand for SAROS as a liquidity backbone could tighten supply, especially if Solana’s aggregators (e.g., Titan) route more volume through Saros. However, success depends on sustained project participation.
2. Buyback Program & Tokenomics (Mixed Impact)
Overview
The Saros Foundation committed to buying back tokens using 20% of protocol revenue, starting with a $38M purchase in August 2025 (Cointelegraph).
What this means
Buybacks could stabilize prices by offsetting unlocks (e.g., $47.6M tokens unlocked in July 2025). However, with RSI at 10.35 and prices down 98% from ATHs, confidence in execution is critical.
3. Solana’s Market Depth Challenges (Bearish Impact)
Overview
Solana DEX volumes dropped 65% in 2025 due to memecoin volatility and shallow liquidity pools. Saros’ DLMM technology aims to solve this, but its TVL ($32.8M) trails rivals like Raydium (Saros Blog).
What this means
Saros’ price is tied to Solana’s ability to attract institutional DeFi activity. A prolonged “Bitcoin Season” (CMC Altcoin Index: 21/100) may delay capital rotation into SAROS.
Conclusion
Saros’ price hinges on its ability to monetize liquidity innovations while navigating Solana’s speculative markets. The buyback program and grants offer near-term support, but macro sentiment and ecosystem risks loom large. Will SAROS’s volume/TVL ratio surpass 1.0 in Q1 2026, signaling sustainable demand?