SOL Token Surges 3.66% as Coinbase Partnership and Network Upgrades Drive $12B Trading Volume

Solana (SOLUSDT) has seen a 3.66% price increase over the last 24 hours, currently trading at $205.80 on Binance. The recent bullish momentum is primarily attributed to the announcement of a partnership between Coinbase and Squads Protocol, which aims to boost USDC adoption within the Solana ecosystem, as well as continued institutional interest and significant inflows into Solana-related ETFs. Technical upgrades to the Solana network, such as Alpenglow and Firedancer, have further supported positive sentiment by enhancing transaction speed and network stability. Market activity remains robust, with a 24-hour trading volume of approximately $12 billion and a market capitalization near $111 billion, reflecting strong investor engagement and positioning Solana among the top cryptocurrencies.