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Solana (SOL)'s growing on-chain activity, digital asset vault allocation, and its expanding DeFi ecosystem may provide fuel for SOL to rise to $300.  Solana’s native token SOL (SOL) suffered a sharp correction after testing the $250 mark on Sunday. Even with the correction, SOL is still up 24% in the past 30 days, mainly relying on more active on-chain performance. Traders are debating whether the current momentum can push SOL towards $300, especially with Solana Network regaining the lead in decentralized exchange (DEX) trading volume. In September, Solana surpassed Ethereum to become the top blockchain for DEX trading. The network handles $121.8 billion in monthly transaction volume, which is approximately 90% higher than rival BNB chain. Achieving leadership in this space is critical as higher transaction volumes generate more fees, creating ongoing demand for SOL to pay for these transactions. According to Nansen data, Solana’s fees have risen 23% in the past seven days. This increase is noteworthy as Ethereum’s total value locked (TVL) is still nearly seven times higher. However, ETH holders see limited benefits from this foundation, as many decentralized applications, including restaking and real-world assets (RWA), display low turnover rates and weak fee generation. Enterprise treasury configuration accelerates SOL demandRecent corporate treasury activity has increased demand for SOL. Some companies raise capital through equity or debt offerings and allocate the proceeds into cryptocurrencies. For example, Forward Industries (FORD), originally a medical and technology design company, recently raised $1.65 billion in private placements and used the proceeds to purchase SOL as a reserve. Financing for Forward Industries was provided by Galaxy Digital (GLXY), Jump Crypto (both a market maker and a venture capital fund), and Multicoin Capital. Multicoin Capital is known for its early investments in Helium (HNT), Filecoin (FIL), Solana, and Polkadot (DOT). According to DeFi Development Corp, a treasury company focusing on Solana, it holds more than 2 million SOL, worth more than $460 million. Blockchain asset management company Pantera Capital announced on Monday the launch of its new Solana Vault product powered by Nasdaq-listed Helius (HSDT). The US$500 million initial private placement was co-led by Summer Capital, a Hong Kong-licensed fund management company, and is expected to expand to more than US$1 billion, according to a press release. Another positive for SOL may come from a proposed open source cross-chain bridge project planned to establish interoperability between Solana and Base. Base is the second layer network of Ethereum developed by Coinbase. Nansen data shows that Base has more than 20 million active addresses within 30 days. The bridge will allow users to transfer assets across chains and, according to Base founder Jesse Pollak, will build a more “interoperable and connected” ecosystem. World Liberty Financial (WLFI), a Trump-backed crypto project, also announced on Monday a partnership with Solana meme token platform Bonk.fun and Raydium DEX to fund “millions of dollars in promotional rewards.” The move targets USD1 stablecoin-related trading pairs, and it is said that the WLFI token is fully backed by U.S. dollars and cash equivalents. Combined with the growth in activity on the Solana chain, the continued accumulation of SOL in corporate coffers, and the exposure brought by the Base cross-chain bridge and WLFI projects, traders believe that the market is ready for further gains. If SOL rises to US$300, the total market value will reach US$163 billion, which is still 70% lower than Ethereum’s valuation of US$543 billion. It is feasible to achieve this goal in the short term. Official website | https://ccrcb.cc/ Hotline | 18922117055 WeChat | bosen010 Guangzhou Bolasem Technology Co., Ltd., referred to as "Bosen Technology", is one of the first high-tech innovative enterprises in China to engage in the research and development of intelligent quantitative robots. It is based on big data research on quantitative technology, combined with the implementation of automatic quantification software, to avoid the emotional and time and energy costs of manual operations. Based on the results of data analysis, the analysis team formulates quantitative models and develops intelligent quantification systems to provide professional, convenient and intelligent investment products and services to millions of investors. About us / about us    historical data / history  |
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