SOL (Solana) down 5.98% in the last 24 hours

GateNews
SOL-1.92%
SKR-0.87%
BTC-1.63%
ONDO0.82%

Gate News Bot Message, January 26th, according to CoinMarketCap data, as of press time, SOL (Solana) is trading at $119.54, down 5.98% in the past 24 hours, with a high of $134.39 and a low of $118.66. The 24-hour trading volume reached $5.463 billion. The current market capitalization is approximately $67.652 billion, a decrease of $4.299 billion from yesterday.

SOL ranks 7th in the global cryptocurrency market cap.

Important recent news about SOL:

1️⃣ Expansion of ecosystem application layer attracting institutional funds Practical applications on the Solana network are accelerating, including significant progress in asset tokenization. R3 announced a repositioning as a tokenization and on-chain capital markets platform based on Solana, planning to bring Wall Street-level assets on-chain, currently supporting over $10 billion in assets. Ondo Finance has launched hundreds of tokenized stocks and ETF products on the Solana mainnet, with over 200 traditional financial assets available for trading. Additionally, Superstate completed a $82.5 million Series B funding round, building an on-chain issuance layer on Ethereum and Solana blockchains, managing over $1.23 billion in assets. These initiatives demonstrate that Solana is becoming an important gateway for trillions of dollars in traditional value entering the crypto space by attracting mainstream financial institutions.

2️⃣ Spot ETF continues to see net inflows supporting institutional allocation The US Solana spot ETF has maintained stable capital inflows over the past week, with consecutive single-day net inflows from January 21 to 23, including a record single-day net inflow of $1.87 million on January 23, bringing total net inflows to $148 million. As of press time, the total net asset value of the Solana spot ETF reached $1.08 billion, with cumulative net inflows of $873 million. This sustained institutional demand indicates that, despite short-term price corrections, long-term funds from US compliant investment channels remain strong.

3️⃣ DEX trading volume and on-chain activity remain leading Solana’s advantage in decentralized trading continues to strengthen, with 24-hour DEX trading volume reaching $5.67 billion, maintaining the top position among all blockchains. The on-chain stablecoin market cap remains above $14 billion, with liquidity foundations still solid. Since early 2026, Solana’s decentralized trading volume has surged from about $2.5 billion to over $5.6 billion, indicating increasing network activity. This high trading volume and liquidity provide strong support for various ecosystem applications and user trading experiences.

4️⃣ Ecosystem token incentive mechanisms drive capital flow The SKR token launched by Solana Mobile was first released on January 21 and achieved the world’s first trading on Gate. The initial staking annual yield is approximately 28% APY, distributing nearly 2 billion tokens to over 1 million Seeker users. Within 24 hours of launch, SKR surged by 234.93%, with a market cap surpassing $146 million. This phenomenon reflects some funds shifting from the main chain asset SOL to new ecosystem incentive assets, indicating market optimism about Solana Mobile’s ecosystem expansion. Meanwhile, Moonbirds announced that the BIRB token will be launched on the Solana blockchain on January 28. Following this news, Moonbirds NFT floor prices increased by nearly 15%, further highlighting Solana’s ecosystem integration appeal.

5️⃣ Market sentiment adjustment signals easing of bearishness Data from mainstream trading platform funding rates show that bearish sentiment for BTC and SOL has eased, with some platforms returning to neutral rates, indicating reduced short-term selling pressure. Meanwhile, institutional investors are still adding positions during the price correction, with large funds increasing long positions on SOL in the past two hours, demonstrating confidence in Solana’s medium- to long-term prospects.

This message is not investment advice. Please be aware of market volatility risks.

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