According to Gate News Bot on December 5, citing CoinMarketCap data, as of press time, SOL (Solana) is trading at $138.12, down 3.83% in the past 24 hours, with a high of $146.72 and a low of $123.31. The 24-hour trading volume reached $4.069 billion. The current market capitalization is about $77.331 billion, down $3.078 billion from yesterday.
Solana is a high-performance blockchain platform that provides developers with fast, secure, and scalable infrastructure. It supports a wide range of user experiences, making it accessible to both professional users and new consumers. Solana processes transactions quickly, with transaction fees lower than $0.0025 per transaction, and is validated by thousands of independent nodes to ensure data security and censorship resistance. The network uses a proof-of-stake mechanism, which has minimal environmental impact, with each transaction consuming as much energy as a few Google searches.
Recent major news about SOL:
1️⃣ Solana ecosystem DeFi protocol Drift launches v3 version with significant performance upgrades
The Drift v3 version has rebuilt its backend system, increasing the platform’s trading execution speed by 10 times. About 85% of market orders can be executed within half a second, with significantly enhanced liquidity and slippage for large trades reduced to about 0.02%. This upgrade aims to make on-chain derivatives trading smoother and more stable, and is expected to attract more users and capital into the Solana ecosystem.
2️⃣ Franklin Templeton Solana ETF approved for listing and trading
The Franklin Solana ETF (ticker: SOEZ) has been officially approved for listing and trading on the NYSE Arca. It will be one of the latest Solana spot ETFs in the US market, competing with the six existing SOL funds for the attention of institutional and retail investors. Institutional interest in Solana continues to rise, which is expected to bring more capital support to SOL.
3️⃣ Solana Mobile plans to issue ecosystem token SKR
Solana Mobile announced it will launch its native token SKR for its mobile device ecosystem in January 2026, with a total issuance of 10 billion tokens. 30% of the tokens will be airdropped, primarily targeting Seeker mobile users and active dApp users. This initiative aims to promote the development of the Solana mobile ecosystem and may attract more developers and users to participate.
From a technical perspective, the SOL price has recently experienced a pullback and is currently seeking support around $138. Continued institutional capital inflows and rapid ecosystem development still provide long-term support for SOL, but there may be some short-term adjustment pressure.
This information does not constitute investment advice. Please be aware of market volatility risks when investing.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Encrypt Brings FHE to Solana for Private Capital Markets
_Encrypt launches fully homomorphic encryption on Solana, letting applications compute on encrypted data without decryption, targeting confidential DeFi capital markets._
Encrypt has announced it is coming to Solana. The protocol introduces fully homomorphic encryption directly into the Solana
LiveBTCNews1h ago
Crypto Policy Enters 'New Phase,' According to Solana Policy Institute - Coinspeaker
The Solana Policy Institute, a Washington-focused nonprofit launched in late 2025 to advance blockchain-specific legislative and regulatory strategy, has characterized the current U.S. crypto policy environment as entering a materially new phase – one defined by implementation rather than
Coinspeaker2h ago
RIV Coin Launches on Solana to Bridge Institutional Capital with DeFi Infrastructure
[PRESS RELEASE – Dubai, United Arab Emirates, March 24th, 2026]
RIV Coin ($RIV), a Vault protocol token built on the Solana blockchain, has officially launched as the core token of a reserve-backed digital asset ecosystem. The project introduces a verifiable reserve framework that enables off-chain
CryptoPotato2h ago
Solana and XRP Slide Continues — New $100 BTC Reward Model Keeps Rising
SOL entered 2026 above $140 and has spent the first quarter giving most of that back. The asset is currently consolidating between $85 and $90 inside a rising wedge pattern that technical analysts flag as pointing toward further downside — a formation that typically signals weakening recovery
CryptoPotato4h ago
Solana Yields Keep Falling — Why Investors Are Turning to This New BTC Reward Model
There is a particular frustration building among SOL holders in early 2026 that has nothing to do with price. Native staking yields, once a reliable source of passive income for long-term Solana believers, are compressing on a schedule that was written into the protocol from day one. Solana’s
CryptoPotato6h ago
