Solana Surges on Network Upgrade and Institutional Inflows

Solana's price has risen 1.87% to $104.64 after activating a network upgrade enabling 4,096-byte transactions through Transaction V1.

This upgrade supports advanced developer functionality and potential user growth, while DeFi Development Corp raised $11 million via SOL-backed CHAD preferred stock, directing new institutional capital toward Solana.

Solana's momentum is driven by a confirmed bullish trend, with expected consolidation in the $102.82 to $109.63 range as momentum indicators turn mixed.