Solana ($SOL) is currently trading at around $192.86, with a market cap of $105.9 billion. The token is above its 200-day moving average ($176.87), indicating a long-term bullish structure. The market is stable as the RSI is at neutral. Key support is near $177, and resistance is between $210-$220.
🏦 Institutional Interest Increases
Fidelity has launched SOL trading and custody for its U.S. clients. Franklin Templeton has expanded its fund offering on the Solana network. Most notably, Hong Kong has approved its first spot Solana ETF, creating an opportunity for regulated investment. Global payment firms such as Visa and PayPal are also using Solana.
📈 Network Growth at an Unprecedented Rate
Solana’s DeFi TVL has reached a record $12.2 billion. Daily active addresses now exceed 2.2 million. The network has maintained 100% uptime over the past 60 days, highlighting its reliability. Institutional investors now hold 17.8 million SOL, confirming their confidence in the platform’s efficiency and low costs.
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