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Noticias de Ethereum Solana’s Monthly Active Addresses Hit Record High Amid ETF Buzz

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Solana has achieved a major milestone with over 30 million monthly active addresses, setting a new all-time high. This surge coincides with digital asset manager 3iQ’s groundbreaking application to list a Solana-based exchange-traded fund (ETF) on the Toronto Stock Exchange (TSE). This potential ETF, the first of its kind in North America, could revolutionise crypto investments and boost Solana’s market presence.

Read on to learn more about these developments!

3iQ’s Solana ETF Application: A Game-Changer for Crypto 

3iQ’s initiative to launch the first Solana ETF in Canada signals strong institutional interest in Solana. This application can drive more crypto investors and traders to the Solana network, increasing its usage and activity. The anticipation of the ETF listing has already contributed to a significant rise in monthly active addresses on the Solana blockchain, reaching an unprecedented 30 million.

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Solana Recent Price Performance 

As of June 22, 2024, Solana’s price stands at $135.58, showing a green candle formation. Yesterday, Solana closed at around $134.64, and this week’s peak was over $151.18 on June 16. Despite a strong start to the year at nearly $110 and peaking at $202 on March 31, Solana’s momentum has weakened. However, recent trends show some recovery. 

Solana Volume and Recent Market Trend  

Solana’s 24-hour trading volume is 132.561 million, with the highest weekly volume of 235.742 million recorded on June 18. The 30-day price change is -13.6%, the 7-day change is -6.3%, but the 24-hour and 1-hour change show positive movements at +2.1% and +0.6% respectively. 

The combination of 3iQ’s ETF application and Solana’s rising active addresses points to an exciting phase for Solana and the broader cryptocurrency market. As institutional interest grows, Solana could see further adoption and innovation, cementing its position in the blockchain ecosystem. At present SOL is the first largest crypto, with a market cap of $62,690,844,487. And, Solana is the fourth largest blockchain, with a TVL of $4,150,370,987, and a dominance of 4.40%. 

Also Read: Will There Be an Altcoin Season in 2024? Expert Analysis

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