Tether has integrated its USDt stablecoin and Tether Gold onto the Solana blockchain through the Legacy Mesh interoperability framework, providing access to $175 billion in cross-chain liquidity. This integration has already processed over $25 billion in volume across twelve chains, enabling Solana users to leverage this liquidity for decentralized applications, payments, and institutional services like treasury management and collateralized lending.
Solana currently leads all blockchains in daily app revenue, generating $4.83 million in the past 24 hours, surpassing Binance Smart Chain at $3.85 million and Ethereum at $2.7 million. This revenue leadership underscores strong network activity and transaction demand, with community members viewing it as a positive indicator for Solana's market position.
Analyst Ali Martinez predicts that SOL could retest the $260 level, while the price is currently trading around $189-190. Technically, SOL is testing a key support zone at $180-190, with the 20-day moving average crossing below the 50-day moving average, indicating potential short-term weakness. A drop below $190 could lead to a test of $170, while a move above $211 might shift momentum toward higher prices, with a breakout above $300 potentially triggering new price discovery.
Institutional interest is growing, with Hong Kong launching the world's first spot Solana ETF and asset manager 21Shares filing a Form 8-A with the U.S. SEC. Matt Hougan, Chief Investment Officer at Bitwise, stated that "Solana is the new Wall Street", highlighting its potential as a preferred network for banks conducting stablecoin transactions. These developments, alongside protocols like Splyce and Chintai offering tokenized securities, could attract new capital and support long-term demand for SOL.
BNB
PEPE
BTC
ETH
USDC
FIL
XTZ