Solana Consolidates Around $100 as Institutional Demand Remains Strong

Solana's SOL token continued its consolidation around the $100 level on Tuesday after beginning the week with a 3% gain.

Institutional demand for Solana remains strong, as exchange-traded funds attracted $11.01 million in inflows on Monday.

The blockchain's underlying fundamentals are improving, with rising transaction activity, network revenue, and real economic value.

The recent activation of the SIMD-0385 upgrade introduced the Transaction V1 format, raising the maximum transaction size to 4,096 bytes and giving developers more room to include instructions, signatures, and other data within a single transaction.