Recently, there have been several positive news for Solana, but from my observation, the price basically hasn't increased. Just because the technology is good, the activity is good, and the functionality is good, it doesn't mean the price will be beautiful. This line of reasoning is inherently flawed, especially in the cryptocurrency space; otherwise, why could memes rise so much?
The positive news for Solana is as follows:
1. Bhutan has announced that it will issue the world's first sovereign gold-backed token, TER, on Solana. Bhutan is a country located near India on the fringes of the Himalayas, with very little influence.
2. Animoca Brands will collaborate with Republic to achieve equity tokenization on Solana. Animoca is a leading VC investing in the gaming sector. I have communicated with them in Hong Kong, and now they are shifting to RWA because many gamefi investments from the last bull market have skyrocketed.
3. Ondo Finance will launch a private tokenized liquidity fund on Solana. Ondo is its token, and it has also created its own public chain along with its stablecoin USDO (if I remember correctly).
4. JPMorgan is issuing Galaxy short-term bonds on the Solana network, settling with 50 million USDC.
XRP has also gone public on CME, with the stock code TOXR. Previously, SOL also went public, but I didn't pay much attention to it, so I can't conclude on its performance. You can check the prices of SOL and XRP yourself.
Binance has launched the first traditional asset perpetual contract variety, XAU. In the future, Binance should streamline the channels for token stockization and stock tokenization. The key is compliance, whether relying on the U.S., which can be easily exploited, or relying on China, which seems unlikely.
