Solana Hits 7-Month High as Institutional Demand Drives Price Up

Solana's SOL token has reached its strongest level in seven months, reaching $116, as institutional demand continues to drive the price up. According to reports, Solana funds have maintained a 12-week inflow streak and attracted $1 billion during the quarter.

The influx of capital is being driven by the network's improvements in speed and infrastructure, which are making it more attractive to investors. However, Remittix, another project focused on PayFi (payment for finance), is gaining attention from smart money as a potentially stronger opportunity.

Remittix offers a mobile wallet available through Apple's App Store and has plans to expand its reach through Google Play. The project also has a Markets platform that provides perpetual-futures pairs and has recorded over $50 million in reported volume.