SOL (Solana) 24-hour pump 0.09%

Gate News Bot news, on October 30, according to CoinMarketCap data, as of the time of writing, SOL (Solana) is currently priced at 195.83 USD, with a rise of 0.09% in the last 24 hours, reaching a high of 205.02 USD and a low of 189.11 USD. The 24-hour volume has reached 9.271 billion USD. The current market capitalization is approximately 107.673 billion USD, an increase of 96.4 million USD compared to yesterday.

Solana is a high-performance blockchain platform that provides developers with powerful tools and offers a fast experience for all users. It supports a variety of application scenarios from advanced users to newcomers, aiming to bring blockchain technology to the masses. The Solana network is maintained by thousands of independent validating nodes, ensuring data security and resistance to censorship. Its innovative technology makes the energy consumption of each transaction equivalent to just a few Google searches, making it an environmentally friendly and efficient public chain platform.

Important recent news about SOL:

1️⃣ Institutional Investment Products Expansion Fidelity has submitted an updated S-1 filing for its SOL ETF, removing the delay amendment that prevented registration from becoming effective, granting the SEC control over the timing. The first 100% Solana staking ETF launched by Bitwise has been listed on the NYSE under the ticker BSOL. Additionally, Grayscale has launched a Solana ETF with staking features and listed it on NYSE Arca. The launch of these institutional-grade investment products reflects strong interest from institutional investors in SOL, which is expected to bring more liquidity and investment demand to SOL.

2️⃣ Rapid Development of the Ecosystem The DeFi locked assets on Solana have reached a new high of 62.3 million SOL. The perpetual contract DEX Pacifica has seen a 24-hour volume of over $28 billion in the past 30 days, with a total locked value exceeding $37 million. In addition, Helius has released the Solana blockchain explorer “Orb” equipped with AI explanation features. These data and the launch of new products indicate that the Solana ecosystem is rapidly expanding across various fields, attracting a large number of users to participate.

3️⃣ Enhanced Cross-Chain Interoperability The Solana–Starknet Bridge powered by Hyperlane has officially launched to StarkGate, enabling cross-chain transfers of 7 Solana native assets including SOL, DREAMS, TRUMP, JUP, BONK, pump, and Fartcoin to Starknet. This development will further enhance Solana's cross-chain interoperability, providing users with more choices and liquidity.

From a technical perspective, the price of SOL has shown a trend of fluctuating rise recently. Considering the expansion of institutional investment products, the rapid development of the ecosystem, and the enhancement of cross-chain functionality, SOL still maintains strong market attention. However, investors need to closely monitor the price trends and volume changes in the coming days to assess potential risks.

This message is not an investment advice, and investors should be aware of market volatility risks.