Solana (SOL) News Today

In the last two weeks, the tension between the US and Iran has been a cause of concern for the markets. Threats and military postures from both sides have left investors taking cover. Oil prices have shot up as investors are worried about the supply of crude, and traditional safe havens like

Solana is trading at an approximate price of $83.18, although a solid sell wall is at an approximate price of $84.78, which prevents upward movement. The price is trapped between the support at $81.99 and the resistance at $84.78 which is short term consolidation. Once buyers hit the

Gate News Report, on March 10, at 23:36 and 23:41 Beijing time, according to Whale Alert monitoring, USDC issuer USDC Treasury minted an additional 250 million USDC on the Solana chain, totaling 500 million USDC minted in two transactions (worth approximately $500 million).

Solana ecosystem media SolanaFloor announced on March 10th that it has been acquired by Jito Foundation, and will maintain editorial independence and resume operations. Previously shut down due to an attack incident, the acquisition aims to fill the gap in reporting on on-chain activity on Solana, with more details to be announced later.

Institutional investors, led by Electric Capital Partners and Goldman Sachs, have invested over $540 million in U.S. spot Solana ETFs, highlighting strong interest despite low basis yields, indicating genuine demand for regulated crypto exposure.

Solana and Hedera now sit in a direct competition for attention from investors who want speed, utility, and a believable path to wider adoption. Solana built its name on fast transactions, low costs, and an ecosystem that became a major home for DeFi, NFTs, meme coins, and consumer crypto

Blockchain platform Royaltiz launched the ROY token related to French football star Eduardo Camavinga on March 9 on Solana, marking the on-chain tokenization of athlete assets. Royaltiz aims to transform fan relationships into economically valuable holding behaviors, with token value linked to the athlete's cultural influence and social interactions, leveraging Solana's technological advantages to provide liquidity for users.

Although Solana's price has fallen more than 31% this year, its spot ETF still attracted a large influx of funds, totaling approximately $1.5 billion, indicating strong interest from institutional investors. Despite recent outflows, the overall amount remains close to $960 million, and the market has widely discussed this phenomenon, believing that the main driving force is long-term investment confidence.

In February 2026, Solana's stablecoin transfer volume reached $650 billion, surpassing Ethereum and TRON, indicating a shift from speculation to real-world applications on its network. Solana's low transaction fees, fast confirmation times, and high throughput are its main competitive advantages, signaling its growth potential in DeFi and payment scenarios. Technically, the key support level for SOL is $80, with resistance at $92.

Wall Street institutions invested over $540 million in the US spot Solana ETF in the fourth quarter of last year, with Electric Capital Partners and Goldman Sachs ranking as the top two. Despite the market value of the SOL tokens corresponding to the holdings dropping by over 30%, since October last year, the Solana ETF has seen a total inflow of $952 million.

Since its launch in July 2025, the Solana ETF has attracted approximately $1.45 billion in capital, even as the SOL token has fallen by 57%. Institutional investors continue to flow in, demonstrating confidence in the long-term potential of the Solana ecosystem. Adjusted for market capitalization, the ETF's capital inflow is equivalent to twice that of the Bitcoin ETF, indicating a strong relative demand for funds. Changes in the supply structure may impact market circulation and price dynamics.

Solana ETFs have accumulated $1.45 billion in net inflows since their July 2025 launch, despite SOL's price collapsing approximately 57 percent over the same period, according to Bloomberg Intelligence data.

Gate News Report, March 10th, according to Gate market data, as of press time, SOL (Solana) is trading at $85.65, up 4.60% in the past 24 hours, with a high of $93.83 and a low of $80.71. The 24-hour trading volume reached $4.095 billion. The current market capitalization is approximately $48.886 billion, an increase of $2.148 billion compared to yesterday. Solana is a leading high-performance network powering internet capital markets, payments, and crypto applications. As the world's largest startup and enterprise platform, it has the most users, the most developers, the highest trading activity, and the highest real TPS. Major companies such as Western Union, Visa, Worldpay, Circle, PayPal, and Fiserv are among the top global players.

On March 9th, the US SOL spot ETF experienced a net outflow of $2,484,200, with VanEck and Fidelity ETFs experiencing outflows of $1,978,100 and $506,200 respectively. Currently, the total net asset value of SOL spot ETFs is $814 million, with a historical net inflow of $955 million.