Keynote
- Solana’s transfer soared to $ 3 billion for the first time since September 2012.
- Franklin Templeton applied for Solana -based ETF on March 12, 2025.
- Solana’s community discusses the SIMD-228 proposal aimed at reducing inflation.
A prominent analyst, Ali Martinez, recently noted that Solana’s transfer was the first $ 3 billion since September 2024.
BTC
$ 80 487
24H volatility:
2.7%
Market capital:
$ 1.60 t
Vol. 24H:
$ 31.10 b
Price since late 2024.
The surge in the amount of delivery suggests that the usage of blockchains, which can be led by institutional interest, defect activities, or whale movements, increases. Historically, the increase in delivery volume can indicate an accumulation or distribution step.
Given the wider market correction, the rapid increase in volume suggests that more users or projects are adopting Solana for transactions.
Submission of Solana ETF from Franklin Templeton
Franklin Templeton, a large asset management company around Solana, submitted the Solana -based Exchange Transaction Fund (ETF) on March 12, 2025.
The fund, which consists of a product -based trust, aims to be directly exposed to the SOL to investors while being traded in CBOE BZX Exchange.
This submission argues that Solana’s distributed structure, continuous and arbitrage mechanisms are resistant to manipulation, making it an essential element of regulatory approval.
Solana’s location in the encryption fee ranking
Meanwhile, Solana has fallen to 14th in the ranking of the highest blockchain protocol with a fee generated over the last seven days. Ether Lee is in 15th place.
This change may have been reduced by network congestion, how Solana’s transaction fee has decreased.
Low fees benefit for users, but also affect the overall economic model of validation and chain. This change is consistent with a wide range of discussions about Solana’s fees, which affects inflation.
SIMD-228 proposal
Solana’s community is currently discussing SIMD-228 proposals, which aims to reduce 80%of SOL inflation. The voting is narrowed by approval of 66.40%, which is only 66.67%of the critical value.
If you pass through, this proposal will greatly reduce the steaking compensation and reduce the rate of new SOL tokens.
This can lower the price of the SOL by lowering the sales pressure, but it can also raise concerns about distributed by the small -scale verifiers.
SOL price analysis
Solana (SOL) has fallen 15.31% to $ 124.95 over the last seven days. Altcoin has recently rebounded at $ 113.19 and has decreased 18.28% over the year.
The daily chart below shows that the relative strength index (RSI) stands at 36.42 and is approaching the radiation point. This represents a reversal if the purchase pressure increases.
In addition, the price is close to the bottom of the Bollinger band ($ 111.53), suggesting that SOL can be replaced and bounce in the short term. However, the mid -band resistance of $ 142.21 must be found in order for an optimistic momentum to return.
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disclaimer: Coin speakers are doing their best to provide a prejudice and transparent report. This article aims to provide accurate and timely information, but should not be considered financial or investment advice. Since market conditions can change rapidly, it is better to check the information and consult with experts before making a decision based on this content.
PARTH, a encryption journalist with more than five years of experience in the industry, has collected experience and expertise in space after surviving in Bear and Bull Markets for many years in cooperation with major media media in Crypto and Finance World. PARTH is also the author of four published books.
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