Solana's SOL token surged by over 6% after its mainnet upgrade to Agave v4.2 boosted on-chain activity and attracted institutional investors.
The upgrade, which cut on-chain storage costs by 90% and halved block times, is expected to improve network performance.
Institutional interest in Solana has increased with higher spot SOL ETF investments and ARK Invest acquiring shares in Solana staking ETFs.
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