SOL (Solana) rose 3.84% in the last 24 hours.

Gate News Bot report, on September 18, according to CoinMarketCap data, SOL (Solana) is currently priced at 245.75 USD, with a rise of 3.84% in the last 24 hours, reaching a high of 249.12 USD and a low of 222.03 USD. The 24-hour volume has reached 10.491 billion USD. The current market capitalization is approximately 133.441 billion USD, an increase of 4.938 billion USD from yesterday, currently ranking 6th in market capitalization.

Solana is a high-performance blockchain platform designed to provide developers with a powerful infrastructure and a fast experience for all users. Solana supports a wide range of user groups, from experienced users to novice consumers. The platform supports various application scenarios including payments, gaming, NFTs, DeFi, and DAOs, aiming to achieve large-scale adoption of blockchain.

Important news about SOL recently:

1️⃣ The Chicago Mercantile Exchange will launch SOL futures options The Chicago Mercantile Exchange (CME) plans to launch Solana futures options on October 13, 2025. This initiative will provide institutional investors with more avenues to participate in the SOL market, and is expected to attract more capital into the Solana ecosystem.

2️⃣ Institutional investors continue to increase their holdings of SOL Multiple institutional investors have recently significantly increased their holdings of SOL. DeFi Dev Corp. has newly acquired 62,745 SOL, bringing its total holdings to 2,095,700 SOL. Meanwhile, FalconX has withdrawn a total of 413,075 SOL from multiple trading platforms within 8 hours, valued at approximately $98.4 million. These large-scale buying actions indicate that institutions are optimistic about SOL's long-term prospects.

3️⃣ Significant rise in Solana ecosystem revenue In August, the total revenue of Solana applications reached $193.5 million, a rise of over 126% compared to the same period last year. Among them, trading tools, DeFi, and infrastructure applications performed particularly well. The significant rise in revenue reflects the increased usage of the Solana network and the healthy development of its ecosystem.

From a technical perspective, the current key support levels for SOL are at $239 and $224. If it can maintain these levels, it is expected to continue rising in the short term. At the same time, continuous accumulation by institutions also provides strong fundamental support for SOL.

This message is not intended as investment advice; investors should be aware of market volatility risks.