In the last 24 hours, SOL ($SOL ) has increased by 2.65%. According to CoinMarket News on December 8, it was reported based on CoinMarketCap data that SOL (Solana) has traded at $135.73 after a 2.65% increase in the last 24 hours, reaching a high of $146.72 and a low of $123.31, with a 24-hour trading volume of $4.431 billion. The current market capitalization is approximately $76.192 billion, which is $1.964 billion more than yesterday. SOL is a universal token for the global financial infrastructure, aimed at providing a robust blockchain experience for everyone. The Solana network offers high speed, scalability, decentralization, and energy efficiency, capable of processing 2,830 transactions per second, with an average transaction fee of just $0.000064. The network operates with 800 independent validator nodes, ensuring data security and censorship resistance. So far, 2,830 transactions and 340 million NFTs have been created, attracting 29.7 million fee-payment accounts. The Solana ecosystem broadly includes payments, gaming, NFTs, DeFi, and DAOs. Solana Pay has become an official Shopify app integration, supporting instant USDC transactions and micro-fees. Solana Mobile has started sending the Saga phone to over 150,000 users, which includes seed vault key storage and a Solana dApp store. Additionally, the Solana Breakpoint conference will be held in Abu Dhabi from December 11-13, where more than 5,000 founders, creators, and institutions will gather; the Solana Global Online Hackathon offers $2.5 million in prizes and funding opportunities. Franklin Templeton has expanded its government money fund (FOBXX) to the Solana network, making it the fastest-growing developer ecosystem and accounting for 81% of global DEX trading volume. Recent key SOL news:
1️⃣ The expansion of institutional-grade applications deepens the ecosystem, with Franklin Templeton's expansion of its government fund on the Solana network further solidifying SOL's position as an institutional-grade asset allocation option. At the same time, multiple traditional financial institutions are actively taking steps, including the Philippine digital bank GoTyme adding SOL to its crypto services for 6.5 million customers, French financial giant BPCE launching crypto trading services and supporting SOL, and Western Union planning to launch USDPT dollar payment tokens through the Solana network. These initiatives demonstrate that Solana is becoming an important infrastructure choice for traditional financial institutions entering the crypto asset space.
2️⃣ The DeFi and derivatives ecosystem's Drift v3 upgrade has resulted in a 10x improvement in trade execution speed, with nearly 85% of market orders filled within half a second and large order slippage reduced to 0.02%. Pacifica's perpetual contract platform has completed weekly point distribution and continues to encourage user participation. The launch of the RWA Alliance's figures has expanded Solana's on-chain lending monthly average to over $1 billion, and PRIME liquid staking tokens are now live on Kamino, offering up to 8% APY. These upgrades indicate systematic optimization of Solana's derivatives market, enhancing capital efficiency.
3️⃣ Strong cross-chain interoperability and ecosystem integration has launched the Base and Solana cross-chain bridging, utilizing Chainlink's CCIP protocol for seamless transfer of SOL and other Solana assets; Base's TVL currently stands at $9.156 billion. In November, approximately $460 million flowed cross-chain into Solana, with over 65% coming from Ethereum, showcasing a vibrant flow of assets between Solana and the mainstream ecosystem. The prediction market platform Kalshi is partnering with Solana to migrate prediction markets on-chain, further expanding the use cases for Solana. This interoperability increase helps solidify the value of Solana as a cross-chain liquidity hub. This message is not investment advice. Be aware of the risks of market volatility when investing.
