SOL (Solana) increased by 4.28% in the last 24 hours

Gate News Bot Message, December 12th, according to CoinMarketCap data, as of press time, SOL (Solana) is trading at $136.84, up 4.28% in the past 24 hours, with a high of $144.74 and a low of $128.29. The 24-hour trading volume reached $4.843 billion. The current market capitalization is approximately $76.872 billion, an increase of $3.156 billion from yesterday.

Solana is a high-performance public chain providing global financial infrastructure for the masses. The Solana network is known for its high speed, low fees, and scalability, with block times of only 400 milliseconds, capable of processing thousands of transactions per second, while keeping transaction fees below $0.0025. The network is supported by thousands of independent validator nodes, ensuring data security and censorship resistance. Solana has processed over 340 million NFT mints, with 29.7 million fee-paying accounts, and an average transaction fee of only $0.00064.

The Solana ecosystem is extensive and has received support from leading global companies including Circle, Discord, Google, Stripe, and Shopify. Currently, Solana is actively expanding into mobile, with over 150,000 Seeker phones being shipped, integrating features like Seed Vault key storage and Solana dApp Store. Additionally, Franklin Templeton has expanded its US government bond fund (FOBXX) to the Solana network, accessible via the BENJI platform. According to Electric Capital data, Solana is the fastest-growing ecosystem among new builders, with 81% of DEX trading volume originating from the Solana ecosystem. The Solana Breakpoint global flagship conference will be held from December 11-13 in Abu Dhabi, bringing together over 5,000 creators, developers, and institutional representatives.

Recent key news about SOL:

1️⃣ Infrastructure Maturity Accelerates Ecosystem Expansion The Solana network infrastructure continues to optimize, with block compute limits set to rise from the current 60 million compute units to 100 million at the beginning of next year, enabling exponential growth. Meanwhile, the network has maintained 100% uptime for 21 consecutive months, processing over 200 billion transactions, with total transaction volume surpassing all other blockchains combined. These technological advancements create conditions for applications to fully utilize the network’s last 1% performance, attracting large platforms targeting consumers and merchants to adopt USDC on Solana as their primary infrastructure. Circle Gateway is about to go live on Solana, further enhancing cross-chain liquidity and user experience.

2️⃣ Stablecoin Ecosystem Accelerates Institutional Capital Inflows Solana co-founders emphasize that stablecoins are the clear focus now, with expectations of 1 to 10 trillion dollars in stablecoins being onboarded in the future. OSL Group will launch compliant stablecoin USDGO, with Solana as its first deployment network; Marketnode and Lion Global Investors are issuing tokenized physical gold assets; XRP will also be integrated into the Solana ecosystem via Hex Trust in the form of wXRP. Multiple institutions plan to tokenize equity on Solana, including collaborations between Animoca Brands and Republic. Keel has launched a $500 million investment plan to attract RWA projects, with over 40 institutions expressing interest. These initiatives have attracted nearly $12 billion in cross-chain funds into Solana.

3️⃣ Institutional Investors Continue to Favor Solana, Driving Price Increase Major institutional investors and DeFi participants are actively building long positions in SOL, with several well-known investment firms increasing holdings and establishing new positions. Bitwise and others continuously issue and manage Solana ecosystem products, emphasizing that network performance advantages aid developers in building faster applications. Additionally, ecosystem tokens within Solana are performing strongly; the PUMP token’s buyback volume has exceeded $205 million, surpassing Raydium to become the largest buyback token on Solana, reflecting increased user activity and ecosystem attractiveness, further boosting market sentiment.

This message is not investment advice; please be aware of market volatility risks.