Updates on Solana: 15th of April Edition

The Ontario Securities Commission has approved several Solana (SOL) exchange-traded funds (ETFs), scheduled to go live on April 16. These ETFs, the first of their kind in Canada, have been issued by Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ.

Meanwhile, various entities have applied to launch SOL ETFs in the US, with an 82% approval probability by 2025. Additionally, OpenSea, a decentralized marketplace for non-fungible tokens (NFTs), has begun SOL token trading on its next-generation platform, OpenSea 2.0. Regarding price, the SOL token has revived from a slump to below $100, trading at around $131, a 35% rise.

The total value locked (TVL) on the Solana blockchain has also increased, signalling growing user activity and trust in the ecosystem.