Solana (SOL)

DSCVR brings its tokenized communities and crypto features to millions more by launching on Solana.

Major Solana DeFi protocols Marinade Finance and Orca have started restricting access to UK users in response to new UK crypto marketing rules, with Marinade citing “compliance concerns” over FCA regulations.

Blockchain network congestion occurs when transaction volume exceeds network capacity, causing delays and higher fees, but strategies like layer-2 scaling, consensus optimizations, and sharding may help.

The Solana Foundation joins forces with the DMCC Crypto Centre to provide technical and business support for Dubai’s crypto companies looking to build on Solana.

The FTX bankruptcy estate staked 5.5 million SOL worth $122 million on Solana, indicating bullishness on the token’s outlook.

Popular new blockchain game SAGE Labs is accounting for 15% of all transactions on Solana, helping send the SOL price up 1% in the past day.

Web3 gaming platform Star Atlas accounts for over 15% of daily transaction volume on the Solana blockchain, with over 2.29M transactions in the last 24 hours.

Solana has seen its SOL token price rise over 20% in recent weeks thanks to network upgrades, increased DApp usage, and growing NFT volumes.

Crypto analyst Inmortal believes Solana offers a generational opportunity for long-term investors, outlining a massive $250 price target for SOL.

An inverted head and shoulders pattern provides bullish hopes for Solana, but key indicators signal SOL still faces significant bearish momentum and uncertainty near-term.