Here are the latest updates on Solana:
- Solana Price: Solana’s price currently stands at $254.01, with a 1.38% increase in the last 24 hours. The market cap is $123.6B, with a circulating supply of 486.6M SOL.
- Solana vs. Ethereum: Analysts wonder if Solana can compete with Ethereum and position itself as the top Layer 1 blockchain in 2025. Solana saw $120.6 billion in its DEX trading volume, a 323.3% premium over the last seven days.
- Trump-Driven Meme Coin Surge: A Solana-based meme coin, FAFO Barron, surged over 250% in a short span after President Donald Trump posted a picture. Another meme coin, BARRON, rewarded an insider wallet with $1.05 million after dumping it for Solana.
- Solana DEX Volume and TVL Hit ATHs: Solana hits new all-time highs in both TVL and DEX volume after the explosive debut of TRUMP and MELANIA on the crypto market.
- CME to Launch SOL Futures: The Chicago Mercantile Exchange (CME) is set to launch Solana (SOL) futures trading on February 10, if approved.
- Solana ETF Approval: The prospect of a Spot Solana ETF has sparked speculation about its potential impact on SOL’s price, with some predicting it could push SOL to $500.