Gate News, March 10 — According to Gate Market Data, as of press time, SOL (Solana) is trading at $85.65, up 4.60% in the past 24 hours. The highest price reached $93.83, and the lowest dropped to $80.71. The 24-hour trading volume is $4.095 billion. The current market capitalization is approximately $48.886 billion, an increase of $2.148 billion from yesterday.
Solana is a leading high-performance network powering internet capital markets, payments, and crypto applications. As the world’s largest startup and enterprise platform, it has the most users, the most developers, the highest trading activity, and the highest real TPS. Major institutions and fintech companies such as Western Union, Visa, Worldpay, Circle, PayPal, and Fiserv are building on Solana. The network has processed over 3.5 billion transactions, with 50 million active monthly addresses, 3.5 billion monthly transactions, a trading volume of $3.3 trillion, and application revenue of $3.4 billion.
Recent Major News on SOL:
1️⃣ Market Selling Pressure Eases, Supporting Price Rebound
After recent adjustments, selling pressure on SOL has significantly decreased, and market bullishness is gradually recovering. As selling pressure diminishes, the price has rebounded to a high of $93.83, providing momentum for further upward movement.
2️⃣ Positive Signals in Ecosystem Funding
Funding strategies within the Solana ecosystem have been adjusted, with increased support from stakeholders for ecosystem development. Deepening participation through staking SOL reflects market recognition of Solana’s long-term value. This increase in capital activity has also boosted market enthusiasm.
3️⃣ Network Fundamentals Continue to Strengthen
Solana’s core metrics—active addresses, transaction counts, and trading volume—remain high. Monthly trading volume reaches $3.3 trillion, and ecosystem application revenue hits $3.4 billion. The vibrant on-chain activity and capital market growth form a positive feedback loop, supporting the price increase.
This news is not investment advice. Investors should be aware of market volatility risks.
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