Solana has officially deployed its long-awaited P-Token upgrade on mainnet, delivering a major throughput increase that developers say could make token-related transactions up to 20 times more efficient across the network.
The Nasdaq-listed firm said the net loss was mainly driven by $92.3 million of unrealized losses on digital assets.
Upexi shares fell by more than 8% after the company reported a $109 million net loss for its fiscal third quarter.
Solana continues trading just beneath a critical resistance threshold as both development momentum and institutional capital flows accelerate.
Upexi shares fell 8% after a $109m Q3 loss, even as the Solana treasury firm raised SOL holdings to 2.5m tokens.
Solana (SOL) is emerging as an early leader in May's altcoin rebound, outperforming Bitcoin (BTC) by a wide margin as fresh 'institutional demand' shows up in ETF flows and real-world tokenization activity. While SOL dipped slightly over the past 24 hours, broader momentum has remained firmly positive, reinforcing the view that investors are rotating selectively into high-liquidity Layer 1 networks.
Solana failed to stay above $96 and corrected some gains. SOL price is now consolidating and might aim for another increase above $98.
The Total Value Locked (TVL) in Real World Assets (RWA) within the Solana network rose to $2.28 billion. The number of holders of tokenized financial products on the blockchain exceeded 213,000 active users. The Ondo Global Markets platform reached $1 billion in total value locked in less than eight months.
Coinbase now lets users borrow up to $100K against SOL via Morpho on Base, turning Solana into its third major collateral pillar as the token eyes a retest of $200.
Coinbase users can now borrow up to $100,000 against their SOL holdings through the exchange's Morpho integration on Base.
Solana price pulled back on Monday after facing rejection near the key $100 psychological level, though traders continue watching a potentially bullish moving average crossover that could support another upside attempt. According to data from crypto.
Solana tests $96 resistance after a short-term trendline break as traders watch support for a move above $100.