Solana's SOL Sees Boost from Treasury Buyers as Remittix Markets Hits $50M Volume

Solana's SOL token has been steady in its price range, with a notable boost from corporate treasury buyers. DeFi Development Corp. has added around 47,706 SOL to its holdings, bringing its total to approximately 2.54 million SOL and SOL equivalents. This fresh accumulation strategy from a public company demonstrates conviction in SOL as an asset, but one company's buying power is not enough to dictate the token's next price move.

The broader demand for SOL relies on applications, transfers, and trading activity on the Solana network. Treasury buyers may support price consolidation, but sustained market demand is necessary for a breakout. Remittix, a project building a PayFi service, has recorded over $50 million in cumulative trading volume on its live Markets platform. This figure measures trades handled on Markets, not revenue or PayFi payment volume.

Remittix's PayFi service enables users to move supported crypto value into fiat through compatible bank routes. The project's goal is to create a seamless experience for users, allowing them to trade, manage assets, and transfer funds to bank accounts. With over 10,000 wallet downloads and an invited group of 1,000 existing RTX holders testing initial EUR and USD payment options, Remittix is taking steps to build a robust ecosystem.