Solana Update: Upcoming Breakpoint 2025 Alpha, SKR Airdrop, and Franklin SOL ETF
Market Overview: Bitcoin remains stable around $90,500, while altcoins are performing moderately well; the upcoming FOMC rate decision could impact market direction. Solana's ecosystem has grown by 6% to $185 billion, despite a 12% drop in trading volume.
Solana Breakpoint Conference: The Solana Breakpoint conference in Abu Dhabi is attracting over 6,000 attendees, with significant announcements expected, including the launch of Solana Mobile's SKR token and Franklin Templeton's Solana ETF.
Performance Metrics: Solana's total value locked (TVL) increased by 7% to $8.8 billion, maintaining its second-place ranking, while decentralized exchange (DEX) volume rose by 17%. SOL experienced a week-on-week gain of 5%.
Cross-Chain Developments: A new Chainlink-secured bridge has been launched to facilitate cross-chain transfers between Base and Solana, enhancing liquidity and integration opportunities for developers.
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