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SOL Bulls Gear Up as Solana Staking Gains Institutional Backing
The crypto market is abuzz with the latest development in the world of decentralized finance (DeFi) – the surge in institutional backing for Solana staking. As 2024 comes to a close, Solana’s staking activity has gained significant traction, drawing attention from prominent players and cementing its position as an attractive investment opportunity.
Solana’s innovative technology and robust performance metrics have captivated institutional investors seeking scalable solutions, driven by the network’s ability to handle over 65,000 transactions per second at remarkably low fees. As such, it comes as no surprise that the blockchain has seen a substantial increase in DeFi volumes alongside the rising interest in meme coins and artificial intelligence projects.
As of now, SOL is priced at $190, following a 1.39% daily decline and boasting a market capitalization of $91 billion.
Source: www.crypto-news-flash.com
