SOL (Solana) up 8.04% in the last 24 hours

Gate News Bot Report, February 26 — According to CoinMarketCap data, SOL (Solana) is currently priced at $88.58, up 8.04% in the past 24 hours. The highest price reached $91.05, while the lowest dipped to $76.02. The 24-hour trading volume is $5.701 billion. The current market capitalization is approximately $50.382 billion, an increase of $3.747 billion from yesterday.

Solana is a leading high-performance network powering internet capital markets, payments, and crypto applications. The platform has become the preferred application platform for startups and enterprises, with the most users, developers, trading activity, and highest real-time transaction throughput. Global leading institutions and fintech companies such as Western Union, Visa, PayPal, Franklin Templeton, and BlackRock are building on Solana. The platform supports diversified use cases including stablecoin issuance, tokenized assets, and prediction markets, forming a comprehensive ecosystem covering DeFi, institutional, and consumer sectors.

Recent key news about SOL:

1️⃣ Infrastructure Upgrades Drive Ecosystem Development
Solana is building high-speed infrastructure to prepare for the next super cycle of SOL, demonstrating ongoing investment in optimizing network performance and capacity. Improved infrastructure will further reduce application development costs, attract more institutions and developers, and strengthen Solana’s core competitiveness as a high-performance public chain.

2️⃣ Long-term Market Growth Expectations Supportive
Industry analysts remain optimistic about SOL’s long-term trajectory, expecting it to reach $2,000 by 2030. This long-term target injects confidence into market participants. Although short-term goals have been adjusted, the long-term growth outlook provides fundamental support for SOL’s value.

This message is not investment advice. Please be aware of market volatility risks.