SOL Token Surges 7.93% as Binance Launches Soft Staking and DeFi Activity Accelerates

Solana (SOLUSDT) has experienced a notable price increase of 7.93% over the last 24 hours, with the current price at $195.40 on Binance, up from a 24-hour open of $181.05. This upward movement is primarily attributed to the launch of soft staking for SOL on Binance, which has attracted user interest by offering daily rewards with flexible withdrawals and no lock-up period. Additional contributing factors include strong growth in Solana’s DeFi ecosystem, increased on-chain activity, and ongoing network upgrades aimed at improving scalability and stability. The market capitalization is estimated at approximately $106.75 billion, with robust 24-hour trading volumes reported across major exchanges. Overall, SOLUSDT is demonstrating strong bullish momentum, outperforming the broader cryptocurrency market amid heightened institutional interest and ecosystem developments.