$SOL sol In the initial hours, the trading volume for the SOL/SGD pair was 63 SOL, which is not earth-shattering but shows some promise. Upbit is known for its somewhat conservative listings, so you know they did their homework. Previously, the only available fiat currency pair was the US dollar, which meant everyone had to go through that route. Now, Singaporeans can trade more easily directly with the local currency.
But the question is: Solana's daily trading volume usually ranges between 2 billion to 5 billion dollars. So what about this new currency pair? It is just another gear in a very large machine.