SOL (Solana) up 2.65% in 24 hours

According to Gate News Bot on December 8, citing CoinMarketCap data, as of press time, SOL (Solana) is trading at $135.73, up 2.65% in the past 24 hours, reaching a high of $146.72 and a low of $123.31, with a 24-hour trading volume of $4.431 billion. The current market cap is approximately $76.192 billion, up $1.964 billion from yesterday.

SOL is a universal token for global financial infrastructure, aiming to provide a powerful blockchain experience for everyone. The Solana network features high speed, scalability, decentralization, and energy efficiency, capable of processing 2,830 transactions per second with a median transaction fee of only $0.00064. The network operates with 800 independent validator nodes, ensuring data security and censorship resistance. To date, there have been 2,830 transactions and 340 million NFTs minted, attracting 29.7 million fee-paying accounts.

The Solana ecosystem broadly covers payments, gaming, NFT, DeFi, and DAOs. Solana Pay has become an official Shopify app integration, supporting instant USDC transactions and micro-fees. Solana Mobile’s Seeker phone has begun shipping to over 150,000 users, equipped with Seed Vault key storage and a Solana dApp store. In addition, the Solana Breakpoint conference will be held in Abu Dhabi from December 11-13, bringing together more than 5,000 founders, builders, and institutions; the Solana global online hackathon offers $2.5 million in prizes and funding opportunities. Franklin Templeton has expanded its Government Money Fund (FOBXX) to the Solana network, making it the fastest-growing developer ecosystem and accounting for 81% of global DEX trading volume.

Recent Key SOL News:

1️⃣ Expansion of Institutional-Grade Applications Deepens the Ecosystem Franklin Templeton’s expansion of its Government Money Fund to the Solana network further cements SOL’s position as an institutional-grade asset allocation option. At the same time, multiple traditional financial institutions are actively making moves, including Philippine digital bank GoTyme adding SOL to its crypto services for 6.5 million customers, French financial giant BPCE launching crypto trading services and supporting SOL, and Western Union planning to launch the USDPT dollar payment token via the Solana network. These initiatives demonstrate that Solana is becoming a key infrastructure choice for traditional financial institutions entering the crypto asset space.

2️⃣ Continuous Upgrades in DeFi and Derivatives Ecosystem Drift’s v3 upgrade has improved trade execution speed 10x, with about 85% of market orders filled within half a second and large order slippage reduced to 0.02%. The Pacifica perpetual contract platform has completed weekly points distribution and continues to incentivize user participation. Figure’s launch of the RWA Alliance has expanded its monthly average of over $1 billion in on-chain lending to Solana, and the PRIME liquid staking token is now live on Kamino, offering up to 8% APY. These upgrades point to systematic optimization of Solana’s derivatives market, enhancing capital efficiency.

3️⃣ Strengthened Cross-Chain Interoperability and Ecosystem Integration Base and Solana have launched cross-chain bridging, utilizing Chainlink’s CCIP protocol for seamless transfers of SOL and other Solana assets; Base’s TVL currently stands at $9.156 billion. In November, nearly $460 million flowed cross-chain into Solana, with over 65% coming from Ethereum, demonstrating vibrant asset flows between Solana and mainstream ecosystems. Prediction market platform Kalshi is partnering with Solana to move prediction markets on-chain, further expanding Solana’s use cases. These interoperability enhancements help solidify Solana’s value as a cross-chain liquidity hub.

This message is not investment advice. Please be aware of market volatility risks when investing.