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Crypto

Solana's 46% Surge Linked to Wall Street's Onchain Shift

Guavy AI Editorial Team
Instruments
SOL
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Solana's SOL token has seen significant growth in August, rising by 46% as Wall Street increasingly engages with onchain activities.

The surge is linked to an increase in stablecoin and real-world asset (RWA) onchain transactions, according to Bybit. This marks a strategic shift for institutional players in the crypto market.

SOL's price has remained steady at $0, but analysts are monitoring its performance as it navigates this new landscape.

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