Solana's user growth amid price drops suggests resilience, but geopolitical tensions and market volatility could impact future recovery. Solana adds 1.5M daily users monthly despite price drop amid tensions.
SOL's steady recovery alongside the wider crypto market has traders debating whether $100 could be the next stop for the altcoin.
Given that Solana is witnessing a wedge-within-a-wedge setup, price volatility might be taking a back seat as buyers and sellers converge.
Ripple CEO says XRP demand is rising after wXRP launched on Solana via Hex Trust and LayerZero, expanding DeFi access and cross-chain utility reach.
Solana (SOL) traded near $88.93 on Friday, up 1.27% over the past 24 hours and 4.91% on the week, as strong on-chain activity and growing institutional participation helped underpin a steady recovery attempt. With a market capitalization around $51.1 billion, SOL held its position as the seventh-largest cryptocurrency while repeatedly probing the psychologically important $90 level.
Solana breaks above $86.70 after holding support, shifting bullish as traders watch for trend continuation toward higher resistance.
In Solana news today, DoubleZero Foundation launched Edge, a public beta platform that delivers raw Solana block data through a private global fiber network using multicast, bypassing the public internet to cut average delivery times by 6 milliseconds — the
Singapore Gulf Bank launches USDC conversion service, boosting Solana adoption and enabling fast, low-cost institutional crypto transactions.
It was revealed this Friday that Singapore Gulf Bank (SGB) has launched a USDC minting and redemption service on the Solana network.
SOL trades within a narrow range as momentum improves and key resistance near $90 remains unbroken.
New service enables fee-free USD–USDC conversion for institutions with continuous settlement
The Solana Foundation promotes “100% network uptime since March 2023,” but the data from validator Harmonic Major tells a different story. According to validator tracker Slashr, that node recorded 32 outages in the last 30 days while managing a stake of 625,000 SOL, equivalent to more than $50 million. That figure represents 12 times the network average over the same period.