$SOL
Here's a brief update on Solana as of Monday, May 5, 2025, at approximately 7:20 PM UTC+6:
Network Health:
* Solana's network performance has shown strong uptime, reporting 100% monthly uptime for several months leading up to March 2024, with a slight dip to 99.31% in February 2024 due to an outage.
* Key network metrics like vote success rate and voting latency remain high (99.74% and 99.73% respectively as of late April 2025).
* The average transaction fee on the Solana network is very low, around $0.0025.
* The network boasts a high number of block-producing validators (1961).
Price Action:
* Solana (SOL) is currently trading around $145.00, showing a slight daily decrease (around 0.81%).
* Over the past week, price movement has been relatively stable.
* Trading volume has seen a significant increase in the last 24 hours (up by around 16%).
* Analysts have noted key resistance levels around $148, with potential for a rally towards $200 if these levels are broken.
* Solana reached an all-time high of approximately $295 in January 2025.
Ecosystem Updates:
* Critical Vulnerability Patched: A significant "zero-day" vulnerability was recently discovered in Solana's privacy-focused Token-2022 system, which could have led to the unlimited minting of certain tokens and asset theft. Validators quickly implemented a patch, and the Solana Foundation has confirmed that no funds were lost and there was no known exploit.
* Grayscale and Fidelity ETF Applications: There are applications pending with the SEC for Solana Exchange-Traded Funds (ETFs) from both Grayscale and Fidelity, indicating growing institutional interest.
* TVL Reaching New Highs: The Total Value Locked (TVL) on the Solana network recently reached its highest point since June 2022, calculated in SOL.
* Stablecoins on Solana: There is increasing focus on stablecoins within the Solana ecosystem, with some suggesting they could drive further adoption as the memecoin frenzy cools.
SOL
144.08
-0.81%
