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Information about Solana (SOL)
Solana is a blockchain platform that supports high-performance decentralized applications and smart contracts. The Solana platform is designed to facilitate the creation of decentralized applications (DApps) to make decentralized finance accessible on a larger scale. Solana improves scalability by using the Proof of History consensus method, combined with the underlying blockchain’s Proof of Stake consensus method.
SOL is a token that operates on the Solana blockchain platform. The SOL token has the typical uses of a platform token such as:
News
Solana saw its monthly revenue plummet by 80% in March 2025, with active addresses decreasing by 21% and transactions dropping by 82%.
Major Solana-based DApps, such as Pump.fun, faced drastic revenue cuts, with Pump.fun’s revenue falling by 95% from February.
Despite substantial revenue losses, Solana’s price remained stable, trading at 139.36 USD as of March 27, 2025, reflecting resilience in market conditions.
Bitlayer has successfully integrated the BitVM Bridge with Xverse Wallet, facilitating improved access to Bitcoin DeFi and endorsing the use of the BitVM technology.
21Shares AG introduced new cryptocurrency ETPs, including those focused on Bitcoin, Solana staking, and XRP, aiming to enhance compliant investment opportunities in the European market.
Mandy Chiu from 21Shares noted that the MiCA framework reinforces crypto confidence in Europe, marking significant advancements in institutional engagement in the sector.
Ross Ulbricht expressed his dissatisfaction with eBay after his identity verification took over a week, prompting thoughts of creating a new e-commerce platform. Despite joking about it, several supporters, including Zeus Bitcoin wallet, are ready to assist in facilitating Bitcoin Lightning payments for his new venture.
Mandy Chiu from 21Shares announced new crypto ETPs listed on Nasdaq Stockholm, including Bitcoin, Solana, and XRP products. This expansion signals a breakthrough for crypto investments in Europe, supported by the MiCA regulatory framework and growing institutional involvement.
Interactive Brokers now offers Solana (SOL) at 136.32 USD, Cardano (ADA) at 0.7199 USD, XRP at 2.36 USD, and Dogecoin (DOGE) at 0.1918 USD, increasing its crypto offerings significantly.
The platform generated 9.3 billion USD in revenue for 2024 and aims to provide low transaction fees between 0.12% to 0.18% with a minimum fee of 1.75 USD per trade, enhancing its competitive position in the market.
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