Mike Smith
9 hours ago
.png)
Since the opening of trading today, the SOL token has seen a steady 3.8% growth, reaching the $132.45 level with a moderate trading volume of $1.7 billion. The increased investor interest is due to the recent expansion of the ecosystem and the integration of new developments that can increase network capacity and reduce commission costs. Against the backdrop of growing demand, SOL remains one of the main contenders to be the underlying asset for DeFi projects and NFT platforms.
The recent launch of the Shadow Scale update has expanded sharding capabilities, increasing the number of parallel segments to 10,000 and providing an average transaction processing speed of around 80,000 TPS. This reduced block confirmation time to 300 ms and reduced peak fees - at peak load they did not exceed $0.0035, which makes the network attractive for high-frequency applications and micropayments. These indicators were recorded by the Solscan blockchain analytics service and confirm the increased stability of the infrastructure.
According to onchain data, the total value of blocked funds (TVL) in Solana-based protocols reached $13.2 billion, showing an increase of 15% over the last seven days. The number of active addresses surpassed the 2.6 million mark and the total number of smart contract interactions exceeded 38 million. There has also been an increase in SOL rates, with the cumulative volume of tokens delivered exceeding $1.1 billion, bringing the annualized staking yield down to 6.8% under the automatic reward distribution system.
Institutional demand continues to strengthen, with several venture capital funds announcing up to 200 million USD to support the development of infrastructure services and scalable Tier 2 solutions. The investment portfolio is focused on oracle and cross-chain bridge projects, reflecting the desire of major players to ensure network interoperability and optimize liquidity flows.
Derivatives markets show increased activity, with open interest in SOL futures exceeding 850 million USD and the long/short ratio holding at 1.5 to 1. This configuration creates favorable conditions for continuation of the uptrend, but remains a risk in case of sharp overselling of positions on profit taking. Some analysts pay attention to July options expiration, which can bring short-term volatility.
The network development plans include the launch of TurbineX protocol, which implies the introduction of a secure repletion algorithm, which should increase resistance to DDoS attacks and ensure stable operation of nodes at peak loads. A payment SDK for integration with mobile and web applications is also being prepared for release, which will simplify the development of payment processing tools and expand the audience of users.
The growing volume of funds in DAO-funds using SOL as the main asset shows the growing decentralization of management and the community's readiness to influence the ecosystem development priorities through voting. Among the active areas are support for environmentally friendly solutions and reward programs for checking the security of smart contracts, which helps build investor confidence and stimulates the creation of new services on the platform.
