Solana
Why Solana is up 3.1% today
Analysis
Solana (SOL) rose about 3.1% over the past 24 hours as investors reacted to signs of strengthening onchain usage and payments activity on the network. Grayscale highlighted that Solana stablecoin volume hit a record $650 billion in February, pointing to rising demand for onchain payments, which likely supported sentiment toward SOL.
Contributing Factors (3)
Solana stablecoin volume hits record $650 billion in February as onchain payments draw demand, Grayscale says
Solana's record monthly stablecoin transaction volume follows growing appetite for retail payments infrastructure over memecoins.
SOL Strategies shares jump 20% as firm posts validator network growth
The company said its validator network grew to 33,568 unique wallets in February, up from about 31,000 announced earlier in the month.
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Move Details
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