SOL Surges 4.5% as Sharia Staking Launches, ProShares ETF Approved, and RWA Growth Hits 218%

Solana (SOL) has experienced a 4.50% price increase over the past 24 hours, with the SOLUSDT pair currently trading at $167.04 on Binance, opening at $159.85. The recent price movement is attributed to several key factors: the launch of Sharia-compliant staking for SOL on Binance, certified by Amanie Advisors, and the approval of the ProShares Ultra Solana ETF by NYSE Arca, which offers 2x leveraged exposure to SOL futures. Additionally, strong growth in Solana’s tokenized real-world asset sector—up 218% year-to-date—has attracted significant attention from institutional players, while broader market sentiment has been influenced by recent U.S. CPI data and Federal Reserve statements. Trading volume remains robust, with over $6.62 billion reported in the last 24 hours, and Solana’s market capitalization stands at approximately $89.32 billion, ranking it as the sixth-largest cryptocurrency.