According to Odaily, BKCM CEO Brian Kelly has speculated that Solana (SOL) could be the next cryptocurrency spot exchange-traded fund (ETF). This prediction comes after Bitcoin and Ethereum, which have already established their presence in the ETF market. Kelly made this prediction during an appearance on CNBC. However, he did not provide any specific timeline or details regarding when or how Solana might achieve this status. It's worth noting that the prediction is speculative and should not be taken as financial advice. Solana has been gaining attention in the cryptocurrency market due to its high-speed and low-cost transactions. Its potential inclusion in the ETF market could further boost its visibility and acceptance among mainstream investors. However, it's important to remember that the cryptocurrency market is highly volatile and investments should be made with caution.

According to Odaily, the cryptocurrency SOL has made significant strides, breaking through the 180 USDT mark. The latest data shows that SOL is currently trading at 180.82 USDT, marking a 1.51% increase in the last 24 hours. This development indicates a positive trend for SOL, as it continues to gain momentum in the cryptocurrency market. The rise in value is a clear indication of the growing investor confidence in SOL. However, as with any investment, the value of cryptocurrencies can fluctuate, and investors are advised to exercise caution. The future performance of SOL, like any other cryptocurrency, is subject to market conditions and investor sentiment.

According to Odaily, data from Dune indicates that since the beginning of May, the total market value of Solana's on-chain liquid staking tokens (LST) has risen from $2.72 billion to approximately $4.3 billion. The market shares of these tokens are distributed among jitoSOL, mSOL, and bSOL. JitoSOL holds the largest share with 43.5% of the market, followed by mSOL with a 21.4% share, and bSOL with a 10.4% share. This significant increase in market value demonstrates the growing interest and investment in Solana's on-chain liquid staking tokens. The rise in the market value of these tokens is a positive sign for Solana, indicating increased investor confidence and a growing market for its on-chain liquid staking tokens. However, it's important to note that the market dynamics can change rapidly, and investors should always conduct thorough research before making investment decisions.

According to Foresight News, the first-ever Solana Summit APAC is set to take place from June 20 to 22 in Kuala Lumpur, Malaysia. The event aims to foster forward-thinking discussions and collaborations.

According to Odaily, the USDC Treasury has issued an additional 250 million USDC on the Solana network. The transaction was detected by Whale Alert and took place at 6:37:51 Beijing time. This move signifies a significant expansion of the USDC's presence on the Solana network, further strengthening its position in the digital currency market. The USDC Treasury's decision to issue more USDC on Solana is a clear indication of the growing influence and acceptance of the Solana network in the digital currency ecosystem. This move could potentially lead to increased liquidity and stability in the digital currency market. It's important to note that the USDC is a stablecoin, meaning its value is pegged to the US dollar. This makes it a popular choice for investors looking for stability in the often volatile cryptocurrency market. The addition of 250 million USDC to the Solana network could therefore have significant implications for the overall stability and growth of the digital currency market.

According to BlockBeats, Solana ecosystem's decentralized exchange (DEX), Jupiter, has officially launched its 'Giant Unified Market' (GUM) initiative on May 22. The plan aims to bring meme coins, real-world assets, stocks, and foreign exchange assets to the Solana blockchain and index them on Jupiter. To realize this vision on Solana, Jupiter has introduced the GUM alliance, composed of top-tier assets, liquidity, and distribution teams. Over the next few months, Jupiter will work with these partners to complete three main tasks: 1. Introduce more assets to Solana 2. Create liquid markets for these assets 3. Integrate these markets into Jupiter and promote their adoption. This move is a significant step towards expanding the range of assets available on the Solana blockchain and increasing their liquidity. By integrating these markets into Jupiter, the initiative also aims to promote the adoption of these assets within the Solana ecosystem.

According to Odaily, Solana's on-chain wallet, Phantom, has announced the acquisition of Bitski, a wallet-as-a-service platform supported by a16z. As part of the transaction, Phantom will introduce an 'embedded wallet' feature to Solana. This marks Phantom's first acquisition, although the specific amount involved in the deal has not been disclosed. The acquisition of Bitski is expected to enhance the functionality of Solana's blockchain by integrating the 'embedded wallet' feature. This feature will provide users with a seamless and integrated experience, further strengthening Solana's position in the blockchain industry. However, the financial details of the acquisition remain undisclosed. It is yet to be seen how this strategic move will impact the overall value of Solana's blockchain and Phantom's position in the market. The acquisition signifies Phantom's growth strategy and its commitment to enhancing its services and offerings in the blockchain space.

According to U.Today, Solana has made a significant breakthrough, with its price rising from $170 to $180. This recovery suggests that Solana could potentially reach a $200 price target in the near future. The recent price movement was accompanied by a substantial increase in trading volume, indicating strong buying pressure. The leap from $170 to $180 is significant as it surpassed a local resistance level, implying that the bulls are gaining control. This momentum could potentially push Solana towards the much-anticipated $200 mark. A detailed analysis of the chart shows that Solana has risen above the 50-day and 200-day moving averages, key indicators of a bullish trend. The recent break above these moving averages strongly signals an upward trajectory. Moreover, the Bollinger Bands are expanding, suggesting increased volatility and the possibility of further price gains. In addition to technical indicators, on-chain data also supports a bullish outlook for Solana. The number of new addresses on the Solana network has been consistently increasing, indicating growing interest and adoption. According to Hellomoon, the number of new addresses in May 2024 is on the rise, suggesting that more users are joining the network. Furthermore, the weekly transaction fee breakdown shows an increase in non-vote (priority) fees, indicating higher network usage and demand for transaction processing. This rise in network activity reflects the growing utility of Solana's blockchain. However, despite the encouraging technical and on-chain metrics, the overall market is far from euphoric. The current situation suggests that Solana and similar cryptocurrencies are unlikely to reach all-time highs. Inflows are still significantly lower than this year's peak, let alone the bull runs of 2021 and 2017.

According to Odaily, the cryptocurrency SOL has made significant strides, breaking through the 180 USDT mark. The latest data shows that SOL is now trading at 180.01 USDT, marking a significant milestone for the digital currency. Over the past 24 hours, SOL has seen a 6.72% increase in its value. This surge represents a notable growth rate for the cryptocurrency, demonstrating its increasing popularity and acceptance in the digital currency market. The breakthrough of the 180 USDT mark is a significant achievement for SOL, indicating its strong performance and potential for further growth. This development is likely to attract more investors and traders, contributing to the overall growth and stability of the digital currency market.

According to Foresight News, Solana Ecosystem DEX Jupiter has announced the integration of the Sanctum Infinity protocol into Jupiter Routing. Sanctum's INF is a basket of LSTs used to provide liquidity among various LSTs and earn transaction fees without giving up staking rewards. Now, the exchange of one LST for another in Jupiter can leverage the liquidity of INF, offering better transaction rates.

According to U.Today, the calm of the Sunday afternoon cryptocurrency market was disrupted by a colossal transfer of $1.9 billion worth of Solana (SOL) tokens between unidentified wallets. This enormous transaction, involving over 11 million SOL, drew the attention of market observers and ignited speculation. The transfer process started with the SOL tokens being moved from the 'DnDz' address to '4njYP'. Shortly after, the tokens were transferred again to '4fAG', finally landing in a new address with no previous transaction history. The identities of the parties involved in this significant movement remain undisclosed, as does the rationale for choosing a Sunday, a typically low-liquidity day in the crypto market, for such a large transfer. This mysterious transaction coincides with a period when Solana's value is witnessing a significant increase. SOL is wrapping up the week with a remarkable gain of nearly 20%, trading at $171. This represents the most profitable week for Solana since early March, offering a much-needed uplift after a six-week decline that saw SOL struggle to exceed the $200 mark. The timing of this transfer has led market analysts to question whether this could be a strategic move by large stakeholders, or 'whales', to prepare for potential volatility in Solana's price. The recent upward trend might be motivating these major players to position themselves for another attempt to push SOL beyond the crucial $200 threshold. Market observers are now closely watching Solana for the next developments in this ongoing story.

According to U.Today, Solana has been identified as the fastest blockchain globally, according to a recent report by CoinGecko. The network processed over 95 million transactions in a single day. The report highlighted that Solana has the highest daily average transactions per second (TPS) among blockchains, with a rate of 1,053 TPS. This is followed by Sui with 854 TPS, BSC with 378 TPS, Polygon with 190 TPS, TON with 175 TPS, Tron with 159 TPS, Near with 117 TPS, and Avalanche with 89 TPS. In comparison, Ethereum and Bitcoin manage 22.8 TPS and 10.7 TPS respectively, indicating that non-EVM blockchains are nearly four times faster on average than their EVM-compatible counterparts. Solana's peak performance was particularly notable, reaching 1,504 TPS on April 6, 2023, due to a surge in meme coin transactions. This performance is 46 times higher than Ethereum's TPS and over five times higher than Polygon's, the fastest among Ethereum scaling solutions. Despite these impressive figures, Solana's peak TPS is still only 1.6% of its theoretical maximum of 65,000 TPS. Solana is an open-source blockchain platform that prioritizes minimizing latency and maximizing throughput, even at the expense of some verifiability. It achieves this through a unique set of features, including its novel timestamp mechanism called proof of history (PoH), the block propagation protocol Turbine, and parallel transaction processing. Solana's founder, Anatoly Yakovenko, stated that the primary design goal of Solana was not to achieve maximum throughput. Instead, Solana aims to synchronize state across the globe as swiftly as physical laws permit.

According to Odaily, Degen News reported on platform X that Solana Meme coin WIF assets valued over $1 million have been liquidated in the past four hours, as per data from Coinglass. The report did not provide further details about the reasons behind the liquidation or its potential impact on the market. Solana Meme coin WIF is one of the many digital currencies in the volatile cryptocurrency market. The liquidation of such a significant amount of assets could potentially influence the coin's market dynamics. However, the specific effects of this liquidation remain unclear at this point. Further updates will be provided as more information becomes available.

According to Odaily, data from DeFiLlama reveals that the Solana-based Memecoin release platform, pump.fun, has secured the 10th position among the top ten cryptocurrency protocols. This comes as the Blast ecosystem's collectible card game, fantasy.top, has fallen to the 29th position. Previously, fantasy.top had once held the 6th position among the top ten cryptocurrency protocols. The shift in rankings indicates a dynamic and competitive landscape within the cryptocurrency protocol sector. The rise of pump.fun and the decline of fantasy.top highlight the volatile nature of the crypto market and the constant evolution of its leading players.

According to U.Today, Anatoly Yakovenko, co-founder of Solana Labs, recently clarified the original vision behind the Solana blockchain. Contrary to the common narrative that focuses on throughput, Yakovenko stated that Solana's primary design was not for maximum throughput. Instead, its main objective is to synchronize state across the globe as quickly as physics allows. Solana is an integrated, open-source blockchain that aims to synchronize global information at the speed of light. It prioritizes latency and throughput, even at the cost of some verifiability. This is achieved through features such as its unique timestamp mechanism known as proof of history (PoH), the block propagation protocol Turbine, and parallel transaction processing. Yakovenko's comments followed a recent report by CoinGecko, which identified Solana as the fastest among large blockchains. On April 6 this year, during the meme coin frenzy, Solana's actual daily average transactions per second (TPS) reached a record high of 1,504. This speed makes Solana 46 times faster than Ethereum and over five times faster than Polygon, which has the highest TPS among Ethereum scaling solutions. However, Yakovenko emphasized that high throughput was not the primary goal. The focus was not merely on creating a 'faster' blockchain, but on building a system capable of achieving global state synchronization with unmatched efficiency. Despite being the fastest blockchain, CoinGecko reported that Solana has only reached 1.6% of its theoretical maximum speed of 65,000 TPS. The increased volume of transactions has led to network congestion, and it remains to be seen how quickly Solana can achieve higher real TPS with its planned improvements. SOL, the native coin of the Solana blockchain, is currently the fifth largest cryptocurrency, with a market value of $74.74 billion and a trading price of $166.54.

According to Odaily, Anza, the head of developer relations, has shared recent discussions from the Solana developer community on platform X. The discussions highlighted several key developments. Firstly, Syndica, an enterprise-level Web3 cloud infrastructure, has made significant progress with its Zig client (Sig). This development marks a crucial step forward in the advancement of the Solana ecosystem. Secondly, Solana's lightweight client, Tinydancer, has launched its testnet. This move is seen as a significant milestone in the development and expansion of Solana's network capabilities. Lastly, work related to Firedancer, a Solana node validator, is continuously progressing. This ongoing work signifies the commitment to improving the robustness and reliability of the Solana network. These developments underscore the continuous growth and evolution of the Solana developer community and its commitment to advancing the Solana ecosystem.

According to Foresight News, Solana's staking project, Jito, has surpassed a total locked value of 10 million SOL, with over 91,000 users. The data, as revealed by the official website, indicates a significant milestone for the project, demonstrating the growing interest and participation in the Solana ecosystem. The increase in the number of users and the total locked value signifies the project's success and the trust users have in it. This development is a positive sign for the Solana ecosystem, indicating its growing popularity and acceptance among users.

According to PANews, a recent report by CoinGecko has revealed that Solana has proven to be the fastest among major blockchains. It reached a historical high of 1,504 transactions per second (TPS) on April 6 this year, amidst the Meme coin craze. This makes Solana 46 times faster than Ethereum and over 5 times faster than Polygon, the highest TPS solution in Ethereum's scalability solutions. Despite being the fastest blockchain, Solana has only reached 1.6% of its theoretical maximum speed of 65,000 TPS. The surge in transaction volume has led to network congestion, and how quickly Solana can reach a higher actual TPS after its upcoming upgrade remains to be seen. The report also stated that the average speed of non-EVM blockchains is almost four times that of EVMs. The second fastest blockchain is another non-EVM, Sui, which reached a peak real TPS of 854 in July 2023, thanks to the popularity of the on-chain game Sui 8192. Other fast blockchains in the non-EVM category include TON with 175 TPS and Near Protocol with 118 TPS. In contrast, the blockchains with relatively low actual processing speeds are Aptos (49 TPS), Starknet (12 TPS), Bitcoin (11 TPS), and Thorchain (2 TPS). The average peak TPS of the eight major non-EVM blockchains is 284, compared to just 74 for the 17 largest EVM and EVM-compatible blockchains, making non-EVM blockchains 3.9 times faster. Furthermore, the report indicated that BSC and Polygon have become the fastest EVM blockchains. Amid a surge in inscription-driven on-chain activity, BSC's actual TPS reached 378 on December 7, 2023, making it the fastest blockchain in the EVM, although it only ranks third overall and its processing speed is less than half of Sui's. Similarly, the inscription craze led Polygon's actual TPS to reach 190 on November 16, 2023. Therefore, Polygon is currently the fastest in the largest Ethereum scalability solutions, 8.4 times faster than Ethereum itself, although Polygon is further behind the top three fastest blockchains. In other words, individual Ethereum scalability solutions and Layer 2 have not yet been able to surpass other Layer 1s in terms of actual processing speed. This may be partly due to the fewer on-chain transactions on Ethereum's scalability solutions, resulting in slower TPS achieved by these blockchains. The total actual TPS of Ethereum and its top ten scalability solutions is 500, leading BSC in combined processing speed, but still slower than Solana and Sui. Apart from Polygon, the other four scalability solutions have been proven to be faster than Ethereum (23 TPS), including Arbitrum (59 TPS), Linea (56 TPS), Base (37 TPS), and Mantle (25 TPS). The report also mentioned that almost all real TPS records of various blockchains were set in the past 12 months.

According to Foresight News, recent data from CoinGecko reveals that Solana leads the pack in the rankings of real transactions per second (TPS) chains. It is followed closely by SUI in second place, with BNB Chain rounding out the top three. This information is based on the latest data available, reflecting the current state of these blockchain networks. The rankings are determined by the number of real transactions processed per second by each chain, a key indicator of network performance and efficiency. Solana's position at the top of the list highlights its capacity to handle high volumes of transactions, a critical factor in the fast-paced world of digital currencies. SUI and BNB Chain, while trailing Solana, also demonstrate significant transaction processing capabilities, securing their spots in the top three of the real TPS chain rankings.

According to U.Today, Solana (SOL) has experienced a significant increase in its market trajectory, with its price rising by 12.78% in the last 24 hours. This surge has pushed SOL to a trading value of $162.35, indicating a significant increase in investor interest and market activity. One of the most notable aspects of this surge is the substantial increase in Solana's trading volume, which has risen by an impressive 82.78%, reaching a significant $4.38 billion. This increase in trading volume highlights a boost in investor confidence and interest in SOL, suggesting strong market momentum. Additionally, SOL's market capitalization has seen a significant increase, rising by 13.64% to reach $73.15 billion. This increase in market capitalization further strengthens SOL's position as a prominent player in the cryptocurrency market, attracting attention from investors and traders. In addition to the significant price surge and increased trading volume, several key technical indicators are showing bullish signals for Solana. The Relative Strength Index (RSI), a commonly used momentum oscillator, currently stands at 59.30, indicating bullish sentiment for SOL. Moreover, Solana's price is trading above both its 200-day Exponential Moving Average (EMA) and 200-day Simple Moving Average (SMA). This technical outlook strengthens the bullish sentiment for the cryptocurrency in the long term. The Moving Average Convergence Divergence (MACD) for SOL is also noteworthy, currently at 0.68 and gaining momentum in the bullish zone. This further supports the positive sentiment surrounding Solana's price movement and suggests potential further upside in the near term. Looking forward, analysts are watching the next resistance level for Solana at $165. If SOL manages to surpass this hurdle, it could set the stage for continued upward momentum in its price trajectory. With bullish technical indicators and growing market interest, Solana appears set for further gains in the foreseeable future.