SOL (Solana) increased by 2.38% in the last 24 hours, currently trading at $125.76

Gate News Bot Message, December 31st, according to CoinMarketCap data, as of press time, SOL (Solana) is currently priced at $125.76, up 2.38% in the past 24 hours, with a high of $129.30 and a low of $119.90. The 24-hour trading volume reached $3.257 billion. The current market capitalization is approximately $70.793 billion, an increase of $1.646 billion from yesterday.

Recent Important News on SOL:

1️⃣ Ecosystem Infrastructure Upgrades and Stablecoin Ecosystem Optimization
Solana continues to improve its infrastructure layer. The Foundation launched the ConnectorKit wallet connection SDK and Kora fee relayer, supporting full payment of transaction fees and custom fee tokens, significantly lowering user barriers. Circle’s ongoing large-scale USDC burn and re-mint operations on the Solana network reflect ongoing optimization of the stablecoin ecosystem. Although USX briefly de-pegged due to liquidity shortages, it quickly recovered to around $0.94, and effective stabilization was achieved through liquidity injection, demonstrating ecosystem participants’ ongoing commitment to improving stablecoin infrastructure.

2️⃣ Institutional Funds Continue Net Inflows and Strong Spot ETF Performance
Solana spot ETFs have maintained continuous capital inflows recently, with a net inflow of approximately $13.14 million over the past week, totaling over $755 million. In comparison, Bitcoin ETFs saw a net outflow of 3,495 BTC (about $30.6 million), and Ethereum ETFs outflowed 17,969 ETH (about $52.74 million). This divergence indicates that, amid overall market de-risking, institutional investors are selectively increasing their holdings in mainstream altcoins like Solana.

3️⃣ On-Chain Fundamentals and Deep Expansion of RWA Ecosystem
SOL staking has reached a new high of 409 million tokens, maintaining enhanced network security and long-term participation. The number of Solana RWA holders has surpassed 115,000, growing about 11% in the past 30 days, with on-chain tokenized stock value reaching $185 million. By 2025, Solana is projected to lead all public chains with $1.3 billion in on-chain revenue, significantly surpassing HyperliquidX ($816 million) and Tron ($608 million). Co-founder of Multicoin predicts that by the end of 2026, Solana’s mainnet will compete with or even surpass major centralized exchanges in spot and perpetual trading volumes.

4️⃣ Market Structure Divergence and Phase-wise Short Position Reversal
In the derivatives market, some whales have begun gradually closing SOL short positions and taking profits, reflecting a partial easing of extreme short sentiment. Meanwhile, savvy funds are starting to slightly build long positions in the $123-$128 range, creating conditions for upward price breakthroughs. Although some meme tokens like HNUT experienced crashes, triggering RUG risk warnings, the daily average trading volume on SOL’s spot DEX reached $4.13 billion, the highest in the past 38 days, indicating that market activity remains robust despite risk events.

This message is not investment advice. Investors should be aware of market volatility risks.