đ„Hot off the press! Solana's native token, SOL, is on a roll, folks! đ It's seen a whopping double-digit surge in just 24 hours. At the time of writing, SOL is sitting pretty at $161, after touching $165 earlier. Its 24-hour trading volume? A cool $3.7 billion, marking a 56.6% increase. Talk about a hot streak! đ
According to CoinGecko data, SOL is now the fifth largest cryptocurrency, boasting a market cap of $73.1 billion. đȘ
So, what's behind this meteoric rise? Well, a few recent developments in the crypto space have played a part. Robinhood Crypto, the digital asset trading platform, announced it will launch a Solana-staking feature in Europe. đ This means customers can now stake their Solana (SOL) holdings, earning rewards while maintaining the flexibility to unstake as they wish.
In addition, Robinhood is offering a bonus program for new customers, where they can receive a 10% bonus on their net purchases during their first 30 days on the platform, with bonuses paid out in USDC stablecoins. đ°
Meanwhile, Infinex, a decentralized perpetual contract trading platform, has also thrown its support behind Solana. The integration of Solana into the Infinex platform opens up new opportunities for users, with the Total Value Locked (TVL) on the platform reaching over 71 million USDC since its launch.
Last but not least, Marginfi, a decentralized portfolio margining protocol for trading on Solana, revealed the L1 blockchainâs first Liquidity Layer. This new layer offers a range of integrated, native yields, further boosting Solana's appeal. đ
As we wrap up, let's not forget the broader crypto market, which has risen by 4.7% in the last day to reach a total market cap of $2.5 trillion. Bitcoin (BTC) is currently trading at $66,000, marking a 5.7% increase in the last 24 hours, while Ethereum (ETH) has seen a 3.3% increase and is now trading at around $3,000.
Stay tuned for more updates! đ
