SOL (Solana) fell 2.09% in the last 24 hours.

Gate News Bot message, July 2, according to CoinMarketCap data, as of the time of writing, SOL (Solana) is currently priced at $148.81, down 2.09% in the last 24 hours, with a high of $157.71 and a low of $137.79. The 24-hour volume has reached $3.504 billion. The current market capitalization is approximately $79.557 billion, a decrease of $1.702 billion compared to yesterday.

Solana is a high-performance blockchain platform that provides developers with powerful infrastructure and offers all users a fast trading experience. Solana supports a variety of user groups, ensuring a good user experience for both seasoned users and newcomers. The platform is known for its fast block time of 400 milliseconds, high throughput, and low transaction fees of less than $0.0025, while maintaining decentralization and environmentally friendly features. The Solana ecosystem supports application development across multiple domains, including payments, gaming, NFTs, DeFi, and DAOs.

Important news about SOL recently:

1️⃣ The first Solana staking ETF has been approved for listing The U.S. Securities and Exchange Commission (SEC) has approved the first Solana staking ETF, which will be listed for trading on July 2 at the Chicago Board Options Exchange (CBOE). The ETF is named REX-Osprey Solana + Staking ETF, with the trading code SSK. This marks an important milestone in the cryptocurrency industry and is the first ETF product with staking functionality. The ETF not only provides a SOL spot investment opportunity but also captures native staking yields through a unique regulatory structure, offering investors a compliant way to earn staking rewards.

2️⃣ The Solana ecosystem continues to expand The Solana ecosystem has recently shown multifaceted development. The PancakeSwap v3 liquidity pool has launched on Solana, providing traders with token exchange services with fees as low as 0.01%. GMGN has partnered with xStocks to support U.S. stock trading on the Solana chain. Additionally, Stacks is using Wormhole's NTT standard to expand its ecosystem assets sBTC and STX across chains to Solana. These developments indicate that the Solana ecosystem is continuously expanding its scope and functionality.

3️⃣ On-chain activity is rising The number of wallet addresses holding tokens on the Solana chain has surpassed 11.44 million, reaching an all-time high. This data reflects an increase in retail participation and growing confidence in the long-term potential of Solana. Meanwhile, over 1.25 million new tokens were launched on Solana in June, a decrease from May, but it still shows a high level of development activity.

From a technical perspective, SOL is currently consolidating around the $150 level, which has become a key psychological barrier. The $135-$140 range forms strong support, while the $155-$165 range is an important resistance. Investors should closely monitor the breakout situation at these key price levels.

This message does not constitute investment advice, and investors should be aware of market volatility risks.