Solana (SOL) is in the spotlight too. While it shows promise, it might not replicate its September surge due to current market uncertainties.

According to Foresight News, Solana-based multisig management tool Squads has completed a $5.7 million funding round led by Placeholder. Other participants in the round included Multicoin Capital, Solana Ventures, Jump Crypto, Solana Labs co-founder Anatoly Yakovenko, Jito Labs CEO Lucas Bruder, and Helius Labs CEO Mert Mumtaz. The funds raised will be used to enhance the product and launch a retail-focused iOS product later this year.