SOL Token Surges 2.19% as Institutional Adoption and Network Upgrades Drive $430M Trading Volume

Solana (SOLUSDT) has experienced a 2.19% price increase over the past 24 hours, currently trading at $177.48 on Binance. This positive momentum is attributed to several factors, including increased institutional adoption highlighted by the launch of the Rex-Osprey Solana staking ETF, ongoing network upgrades that have improved scalability and reduced transaction costs, and notable integrations such as Solayer’s InfiniSVM technology and Huma Finance’s payment solutions on the Solana blockchain. The market has responded to these developments with higher trading volumes and renewed optimism, as Solana approaches key resistance levels near $185 and maintains a market capitalization of approximately $95.96 billion with a 24-hour trading volume of about $430.3 million on Binance.