SOL (Solana) rose by 8.65% in the last 24 hours, reaching a high of 144.47 US dollars.

Gate News Bot News, December 3rd, according to CoinMarketCap, as of the time of writing, SOL (Solana) is currently priced at 138.35 USD, with a rise of 8.65% in the last 24 hours, reaching a high of 144.47 USD and a low of 123.31 USD. The 24-hour volume has reached 6.159 billion USD. The current market capitalization is approximately 77.446 billion USD, an increase of 6.163 billion USD compared to yesterday.

Solana is a high-performance blockchain platform that provides developers with fast, secure, and scalable infrastructure. It supports a variety of application scenarios, including payments, gaming, NFTs, DeFi, and DAOs, with low transaction fees and minimal environmental impact. The Solana ecosystem is experiencing rapid rise, attracting a large number of developers and institutions to participate.

Important recent news about SOL:

1️⃣ Institutions remain optimistic about Solana, with strong ETF fund inflows Solana spot ETFs have achieved net inflows for 20 consecutive trading days, attracting a total of $568 million. The total net assets of the six Solana ETF funds reach $844 million, accounting for approximately 1.09% of SOL market capitalization. Major Wall Street brokerage Cantor Fitzgerald has disclosed holding 58,000 shares of Volatility Shares Solana ETF, valued at approximately $1.283 million. The continuous inflow of institutional funds reflects investors' confidence in Solana's long-term development.

2️⃣ Kalshi partners with Solana to move the prediction market on-chain The American prediction market platform Kalshi has tokenized thousands of prediction markets through Solana, promoting the open monetization of its global liquidity pool. Kalshi has also launched a developer funding program totaling over $2 million to encourage emerging applications to integrate this on-chain functionality. This move targets the $30 trillion cryptocurrency asset market, aiming to attract high-frequency trading crypto users and further enhance the platform's liquidity and pricing accuracy.

3️⃣ Solana ecosystem DeFi is developing rapidly HumidiFi set a record in November, accounting for 35% of the Solana ecosystem DEX volume and becoming the largest DEX on Solana with a monthly trading volume of $38 billion. The DEX aggregator trading volume of JupiterExchange in November surpassed all other on-chain aggregators. These data indicate that the DeFi applications in the Solana ecosystem are rapidly developing, with user activity and trading volume continuing to rise.

From a technical perspective, after the SOL price broke through the 130 USD level, it continued to rise, but may face resistance around 144 USD in the short term. Institutional funds continue to flow in, and the rapid development of the ecosystem provides strong support for SOL. However, investors still need to pay attention to changes in overall market sentiment and potential profit-taking pressure.

This message is not intended as investment advice; investors should be aware of market volatility risks.