SOL Surges 3.48% as Ecosystem Growth, R3 Tokenization Deal, and DeFi Activity Drive Momentum

Solana (SOL) is currently trading at $177.82 on Binance, reflecting a 3.48% increase over the past 24 hours, with a 24-hour opening price of $171.84 and strong trading volume exceeding $3.13 billion. The recent price uptick is primarily attributed to Solana’s ongoing ecosystem growth, including a major rebound from sub-$100 levels, increased institutional and retail investment, and heightened activity in DeFi, NFT, and memecoin sectors. Key developments such as the Solana Foundation’s collaboration with R3 to tokenize $10 billion in assets, the launch of layer-2 scaling solutions to address network congestion, and promotional staking programs on Binance have further fueled positive sentiment and on-chain activity, supporting the asset’s upward momentum.