SOL (Solana) up 1.69% in 24 hours, with a market cap of approximately $78.942 billion

Gate News Bot Message, January 7th, according to CoinMarketCap data, as of press time, SOL (Solana) is trading at $139.97, up 1.69% in the past 24 hours, with a high of $143.04 and a low of $123.46. The 24-hour trading volume reached $5.859 billion. The current market cap is approximately $78.942 billion, an increase of $1.31 billion from yesterday, ranking 6th among global cryptocurrencies.

Solana is a leading high-performance network worldwide, providing infrastructure support for internet capital markets, payments, and crypto applications. The network has processed over 477 million transactions, with a current transaction speed of 2,849 transactions per second, 50 million active monthly addresses, and a monthly transaction volume of 3.5 billion transactions. To date, total transaction volume has reached $3.3 trillion, and the total revenue of the application ecosystem is $3.4 billion.

Global top financial institutions such as Western Union, Visa, and PayPal are building applications on Solana. Western Union plans to launch the USDPT stablecoin in 2026, Visa has settled millions of dollars in USDC on the network, and PayPal has issued the PYUSD stablecoin. Franklin Templeton’s on-chain assets are growing by 64% monthly, with regulated on-chain assets reaching $10 billion. Bullish’s daily trading volume is $2.5 billion, making Solana the preferred platform for global institutions and startups.

Important recent news about SOL:

1️⃣ Institutional capital continues to increase, spot ETFs and large holdings jointly boost the price

SOL has recently gained significant attention from institutional investors. According to Gate data, SOL broke the $140 mark. In terms of spot ETFs, the Solana ETF saw a net inflow of $16.8 million in a single day, setting a record for the largest single-day fund inflow since listing, with a total net inflow of $791 million, and assets under management exceeding $1 billion. These inflows coincide with Morgan Stanley submitting an S-1 filing for a Solana trust to the U.S. Securities and Exchange Commission, reflecting that traditional financial giants are accelerating their layout in digital assets. Meanwhile, on-chain data shows increased confidence among large holders—a whale that previously was at a loss of $74 million has successfully recovered, currently holding a long position with an unrealized profit of $26.82 million, and a position of 511,000 SOL with an unrealized profit of $4.65 million. The stability and increased holdings of these institutional-level positions provide strong support for the market.

2️⃣ Stablecoin liquidity injection expands, DeFi ecosystem activity continues to heat up

Circle’s large-scale USDC minting activity on Solana continues to support on-chain liquidity. Since 2026, Circle has minted a total of 1.75 billion USDC on Solana, with an additional 1 billion minted in the past 24 hours. Sufficient stablecoin reserves often precede increased trading activity, providing solid liquidity for DeFi protocols, DEX trading, and derivatives trading. This trend is reflected in Raydium’s USDC trading volume surpassing $260 million, indicating ongoing prosperity in Solana’s on-chain trading ecosystem.

3️⃣ Network metrics in 2025 hit new all-time highs, fundamentals support long-term growth

Solana’s performance in 2025 provides strong fundamental support for long-term investors. Network revenue reached $1.4 billion, a 48-fold increase over two years; daily active wallets reached 3.2 million, a 50% year-over-year increase and a new record high; stablecoin supply at year-end was $14.8 billion, more than doubling from the previous year; application ecosystem revenue was $2.39 billion, up 46%, with 7 applications earning over $100 million annually. In terms of on-chain transactions, DEX trading volume hit $1.5 trillion, up 57% year-over-year; perpetual DEX trading volume reached a record $451.2 billion, surpassing the total perpetual trading volume of all previous years since the network’s launch. These multi-dimensional, comprehensive growth data indicate that Solana’s infrastructure value is widely recognized by the market.

4️⃣ Meme coin sector revival drives ecosystem enthusiasm, derivatives trading platforms expand

The Solana ecosystem Meme coins have recently experienced a resurgence of investment enthusiasm, boosting overall on-chain trading activity. Metrics such as daily trading volume, token issuance, and daily exchange listings for Meme coins on Solana have reached three-month highs. Perpetual contract trading platforms like Pacifica continue to attract traders by reducing fees and expanding product lines, with a 50% reduction in trading fees across the board extended until the end of December. The expansion and optimization of these derivatives platforms not only enrich Solana’s trading tools but also further increase the network’s user base, providing dual support for transaction fees and network activity for the core token SOL.

This message does not constitute investment advice; please be aware of market volatility risks.