Solana (SOL) is struggling to translate strong on-chain momentum into price performance, even as its real-world asset (RWA) tokenization footprint hits a new high. SOL changed hands around $65 on Wednesday ET, edging up on the day but still trapped in a tight $63–$66 range that has kept bulls from reclaiming key technical levels.
Solana's SOL risks falling toward $50 as bearish chart patterns align with weakening on-chain valuation signals.
Kalshi has introduced Solana perpetual futures trading, expanding its suite of regulated cryptocurrency derivatives available to American investors.
Solana (SOL) is currently consolidating in the $63–$65 range following an aggressive downturn that pushed the cryptocurrency to the critical $60 threshold. While buyers managed to stage a modest rebound exceeding 5%, the overall market structure continues to exhibit weakness.
Helius formally acquired the infrastructure firm Light Protocol. The initiative seeks to implement a privacy protocol for payments and decentralized finance (DeFi) on Solana. The ecosystem will use cryptography based on ZK Compression to reduce storage costs. This Wednesday it became known that Helius, the Solana infrastructure company, completed the purchase of Light Protocol.
Solana's price action and its network performance are exhibiting separate characteristics and moving in different trajectories. Within the past week, SOL has been on a downward trend, breaking below key support levels.
Kalshi has officially launched Solana (SOL) perpetual futures trading, further expanding its growing lineup of CFTC-regulated cryptocurrency derivatives in the United States. The prediction market platform announced the new offering on X, confirming that SOL Perpetuals are now available for trading exclusively on Kalshi.
Solana's real-world asset market reached a record $2.7 billion in distributed value as institutional tokenization activity accelerated. The ecosystem now spans tokenized treasuries, stablecoin infrastructure, credit markets and yield-generating products, showing broader RWA diversity.
Solana-based decentralized exchange Raydium will repay the funds swiped in the $1.34 million exploit using its treasury.
In a strategic move to bolster Solana's privacy ecosystem, Helius has completed the acquisition of Light Protocol, bringing together infrastructure expertise and cryptographic innovation. This combination aims to deliver enterprise-grade zero-knowledge privacy solutions for both payment systems and decentralized finance protocols.
Helius' acquisition of Light Protocol could enhance Solana's appeal to traditional finance by integrating privacy, but regulatory risks loom. Helius acquires Light Protocol to build Solana's onchain privacy layer.
WalletConnect Pay has integrated Solana, enabling users to make payments with SOL, USDC, and USDT through merchants connected to its payment network. The expansion strengthens WalletConnect's multi-chain infrastructure, which already supports Ethereum, Polygon, Base, Optimism, and Arbitrum.