Price Action and Volume
SOL gained 6.2% over the past 24 hours, trading at $91.88 as of the latest snapshot. The 48-hour range spanned $81.01 to $93.39, with the asset currently trading just below its two-day high. Volume over the past day reached $6.04 billion, reflecting moderate activity relative to SOL's $53.6 billion market cap ranking seventh overall.
Weekly momentum remains constructive, with SOL up 22.1% over seven days. Price action benefited from broader liquidation activity in leveraged short positions; over the past two days, approximately $3.8 billion in shorts were wiped out across Bitcoin, Ether, and Solana, including another $1 billion round on Thursday—a figure that marks a record going back to 2021.
Technical Development and Network Improvements
Beyond price, SOL has captured attention for tangible network upgrades. Solana reduced its blockchain slot time to 350 milliseconds—the first reduction since genesis—as part of a roadmap aimed at further lowering network latency toward a 200-millisecond target. Such technical refinements address historical pain points around transaction speed and throughput.
The combination of performance improvements and broader market short-covering has provided a tailwind for the asset, though sustained gains will depend on continued execution on the protocol roadmap and macro sentiment.
This article was written by our AI pipeline from aggregated headlines and live market data. Not financial advice.
AI Desk
Daily roundups drafted by our AI pipeline from aggregated headlines and live market data, reviewed by editors before publishing.
