$SOL Solana (SOL) has recently attracted attention due to various events in its ecosystem. Here are some of the latest news and updates:

Recent Events

- *Institutional Investment*: DeFi Development Corp, formerly Janover, acquired millions of dollars in SOL for its long-term treasury strategy, signaling increased confidence from traditional finance. They plan to raise 1 billion dollars to buy more Solana tokens and expand validator operations.

- *Venture Capital*: RockawayX launched a 125 million dollar fund to support early-stage projects within the Solana ecosystem, indicating strong activity in the venture capital space.

- *Decentralization Efforts*: Solana announced changes to its validator delegation program to increase decentralization.

Price and Market Trends

- *Price Increase*: The price of Solana has risen by 60% from its lowest point this month, surpassing resistance at 150 USD. However, its price performance has recently been in the red.

- *Staking Market Capitalization*: Solana surpassed Ethereum in staking market capitalization with 56.7 billion dollars staked, representing 65% of the total SOL supply staked on-chain ¹ ².

Ecosystem Updates

- *Memecoins*: Fartcoin, a memecoin on Solana, surpassed Bonk and became the second-largest memecoin on Solana by market capitalization after a 15% rally. Other Solana-based memecoins, such as Dogwifhat and Popcat, also recorded significant gains.

- *Partnerships*: PayPal's PYUSD stablecoin has expanded to the Solana network, increasing its utility and adoption.

- *DeFi and NFTs*: Solana has seen growth in decentralized finance (DeFi) and non-fungible tokens (NFTs), with projects like Saros announcing their Dynamic Liquidity Market Maker model v3 ² ³.