Solana is experiencing a significant boost in institutional adoption following the integration of Tether's USDT and Tether Gold via the Legacy Mesh interoperability framework. This development unlocks nearly $175 billion in cross-chain liquidity, enhancing Solana's capabilities for payments and decentralized finance (DeFi). The new USDT0 bridge, managing over $250 billion across 12 chains, further supports this liquidity expansion.
In addition to these integrations, Solana has achieved a leading position in blockchain revenue, generating $4.83 million in 24-hour app income. The launch of Hong Kong's first Solana spot ETF marks another milestone, reflecting the growing interest from institutional investors. Currently, Solana's SOL token is trading around $189.45, with analysts suggesting a potential rise to $260 if the bullish trend persists.
Solana Gains Institutional Traction with Tether Integration and ETF Launch
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.