Solana News Today: Solana Rises Amid Crypto Outflows, Drawing Interest from Institutional Investors
- Solana's Firedancer/Alpenglow upgrades push 1M TPS with <150ms latency, solidifying high-performance blockchain status. - GeeFi's Solana-based wallet and token presale sold 50% in 24 hours, showing retail interest despite 5% price dip. - Crypto ETPs face $1.94B weekly outflows (total $4.9B in 4 weeks), with Bitcoin/Ethereum leading losses but XRP gaining $89. 3M . - Coinbase acquires Solana-based Vector to boost DEX access, reflecting institutional confidence despite network volatility. - Solana ETFs acc
Solana’s swift pace of innovation and its growing ecosystem continue to draw interest, even as the wider cryptocurrency market faces heavy capital outflows. The blockchain’s latest upgrades, Firedancer and Alpenglow, have boosted its throughput
Yet, the overall crypto market remains unstable.
Amidst this volatility, leading exchanges are increasing their commitment to
Investor outlook is still split. While Solana ETFs have consistently attracted capital—amassing $510 million since October—open interest in retail futures has declined,
As centralized crypto exchanges confront a decade-long challenge from decentralized competitors, Solana’s ongoing innovation and strategic alliances could be decisive in whether these exchanges evolve or become obsolete
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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