$SOL 🔥🔥🔥Latest news about SOL:
- *SOL Price Hike*: The price of SOL reached $156.67, a 7% increase in the last 7 days.
- *Market Cap*: SOL's market cap is approximately $90.90 billion, making it one of the largest cryptocurrencies in the world.
- *SOL Uses*: SOL is used for trading fees, staking, and participation in decentralized finance (DeFi) applications on the Solana Blockchain (BSC).
- *Token Burns*: Solana conducts periodic token burns to reduce supply and increase value.
- *Prospects*: Analysts predict that the price of SOL will reach $1,000 by 2025, as Solana continues to expand its services and develop new DeFi products.
- *Stability*: SOL is relatively stable compared to other cryptocurrencies, with lower volatility. - *Partnerships*: Solana is strengthening its partnerships with global financial and technology institutions, increasing cryptocurrency adoption across multiple environments.
*Key News:*
- *Western Union Selects Solana*: Western Union has selected Solana to develop its digital asset network and its USDPT stablecoin.
- *Solana Spot Fund*: Hong Kong approved the first Solana Spot Fund, ahead of the US.
- *Net Inflows*: Solana funds recorded net inflows of $137 million last week.
