Bitwise Chief Investment Officer Matt Hougan is now applying his long-standing Bitcoin framework to Solana — and he’s calling the setup “explosive.”

In an October 29 memo, Hougan says the best trades in crypto are the ones where you get “two ways to win” with one position. For Bitcoin, he defines those two bets as: “1) The global ‘store of value’ market will grow. 2) Bitcoin will take an increasing share of that market.” He says only one of those outcomes has to be true for Bitcoin to work.

Hougan sizes that “store of value” market at roughly $27.5 trillion today, including about $25 trillion in gold and $2.5 trillion in Bitcoin. He argues investors focus too much on Bitcoin replacing gold and not enough on the overall market itself expanding.

He notes that this market has already grown by roughly 10x in the last 20 years, from under $3 trillion in 2005 to $27.5 trillion today. In his view, if that repeats, Bitcoin can 10x without needing to fully displace gold. If, on top of that, Bitcoin also closes the gap with gold and ends up with half of the total store-of-value market, “every bitcoin would be worth $6.5 million.” He adds, “I’m not saying that will happen,” but he uses the math to show how powerful the dual-bet structure can be.

Solana’s Dual Growth Could Mirror Bitcoin

Hougan now argues Solana fits the same model. “When I invest in Solana, I am also making two bets at once,” he writes. Those two bets are: “1) The stablecoin and tokenization infrastructure market will grow. 2) Solana will win an increasing share of that market.”

He defines that market as the set of blockchains that power stablecoin payments and asset tokenization today. He names Ethereum as “the market leader,” and lists Tron, Solana, and Binance Smart Chain as major challengers in stablecoins. Together, he says, those networks represent $768 billion in market value. Solana’s share of that is $107 billion, or roughly 14%.

For Hougan, that is the opening. He says he has “a lot of confidence that the stablecoin and tokenization infrastructure market will grow,” and argues most people “significantly underestimate how much these technologies will remake markets.”

His long-run claim is blunt: “Over time, I suspect nearly all payments will be in stablecoins and nearly all assets will be tokenized.” If that plays out, “the blockchains that facilitate this growth will be extremely valuable.” He calls it “easy to imagine this market growing by 10x or more.”

The second part, in his view, is Solana’s ability to capture more of that expansion. He calls Solana “fast” and “user-friendly,” backed by a community with a “ship-fast attitude.” He also notes that Solana is still “playing catch-up” in winning institutional mandates, but says that is starting to change. As an example, he cites Western Union’s announced stablecoin effort this week, and points out that Western Union chose Solana as the underlying blockchain.

Hougan’s argument is that if the overall market for stablecoin settlement and tokenized assets 10xes, and Solana grows its share of that market from 14%, the result is not linear — it compounds. “If I’m right,” he writes, “the combination of a growing market and a growing share of that market will be explosive for Solana. Just as with bitcoin.”

He closes with a note on positioning. Crypto, he says, rewards humility because “even the most seasoned experts don’t know exactly how things will play out.” But he says you can still tilt odds in your favor by owning assets that embed two high-conviction bets at once. In his view, Bitcoin already fits that profile. Solana now does too.

At press time, SOL traded at $186.

The market opened softer on Friday, October 31, with risk appetite cooling after a burst of long liquidations. Crypto prices fall as live pricing shows Bitcoin near $109,700, down about 1.6 percent on the day, while the total crypto market value drifts lower. Funding rates have eased and open interest has slipped, a tell that leverage is backing off after a busy week.

Bitcoin (BTC)

Bitcoin trades around $109,700 after a quick fade from the prior session high. The day’s drawdown follows nearly $900 million in marketwide liquidations over 24 hours, the bulk from longs. That deleveraging pins BTC in a tight range. “The most likely outlook is we are rangy between 100 and 120 or 125, unless we take out the top side,” Mike Novogratz said this month, adding that holding 100 remains key support.

Ethereum (ETH)

ETH changes hands near $3,835 after a 2 to 3 percent dip, with 24-hour lows under $3,700 and highs just below $3,945. Spot volumes are elevated, yet derivatives positioning is lighter than earlier in the week. Traders point to a neutral relative strength profile and slightly negative funding, which fits a “cooling, not cracking” tape.

XRP (XRP)

XRP trades close to $2.48 with daily losses of around 4 percent. Liquidations on XRP outpaced several peers during the overnight move, adding pressure as momentum traders stepped aside. Even so, the circulating float and rising on-chain activity provide a floor when volatility spikes, keeping the pair anchored to the mid-$2 zone for now.

Solana (SOL)

SOL sits near $185, off roughly 5 percent in 24 hours. The move mirrors broad risk reduction across high beta assets. SOL’s volumes remain thick, but open interest has cooled, which usually reduces whipsaws after sharp swings. If liquidity stabilizes, the network’s active dApp flow often helps price recover faster than the market.

Macro pressure and what comes next

The Federal Reserve cut rates by 25 basis points on October 29, but Chair Jerome Powell said “a further reduction in the policy rate at the December meeting is not a foregone conclusion.” That cautious line trimmed the initial boost to risk assets and helped trigger a classic sell-the-news shakeout. Policy paths in the Gulf followed with 25-bp trims, which should slowly filter through regional liquidity.

The liquidation picture

Data show about $890 million in 24-hour liquidations, with longs taking most of the hit. Bitcoin accounted for roughly $310 million, Ethereum about $195 million, Solana near $69 million, and XRP close to $42 million. Open interest dropped to about $159 billion, and the average RSI sits near 40, signaling neutral momentum after the flush.

Bottom line

Price action looks more like a mid-cycle purge than a trend break. BTC holds the six-figure shelf. ETH keeps its core range intact. SOL and XRP feel heavy but not broken. If funding stays neutral and macro signals stop surprising, liquidity can creep back. As Novogratz put it, the market likely chops between $100,000 and $125,000 unless a fresh catalyst arrives.

Frequently asked questions

Q: Why did prices fall today
A: A cluster of long liquidations hit overnight after the Fed’s cautious tone and a crowded leverage build-up earlier in the week. That forced exits and pushed prices lower together.

Q: What levels matter most for Bitcoin right now
A: Market depth and recent commentary point to support near $100,000 and resistance in the $120,000 to $125,000 area. A clean break above the top band would invite trend traders back.

Q: Does the Fed cut help crypto
A: Lower rates can help over time, but the message matters. Powell’s “not a foregone conclusion” on December limited the immediate boost.

Glossary of key terms

Open interest: The total value of outstanding futures and perpetual contracts that have not been closed. Falling open interest after a selloff implies deleveraging rather than strong new shorts.

Funding rate: A periodic payment between longs and shorts on perpetual swaps that nudges price toward spot. Slightly negative funding tells that longs are less aggressive and shorts are paying less to stay in.

Liquidation cascade: A chain reaction where price drops trigger forced closures, which push price lower again and cause more liquidations until leverage resets and order books stabilize.

Read More: Crypto prices today: BTC, ETH, XRP and SOL weaken as leverage unwinds">Crypto prices today: BTC, ETH, XRP and SOL weaken as leverage unwinds

The open interest in XRP and Solana (SOL) futures and options has reached a record $3 billion on the Chicago Mercantile Exchange (CME). According to the CME data, this remarkable milestone was reached during Monday’s session, which saw both XRP and Solana reach their highest level of participation. 

Both cryptocurrencies have gained traction among institutional investors, who are now treating XRP and Solana as serious alternatives to Bitcoin and Ethereum in the derivatives market.

CME’s Record $3 Billion Milestone

Data from CME Group reveals that open interest in XRP and Solana futures has climbed to about $3 billion in total value. The figure captures the total capital tied up in active contracts, serving as one of the best indicators of investor activity and confidence. 

CME data shows that around 9,900 XRP contracts and 17,400 Solana futures contracts were opened during this surge of high activity, including both standard and micro versions.

This achievement comes less than a year after CME introduced these products. Solana futures launched in March 2025 and quickly rose to prominence, followed by XRP futures in May. Both have now joined the ranks of the exchange’s most traded crypto derivatives, competing directly with Bitcoin and Ethereum futures. 

This record milestone is part of a growing interest in its digital currency instruments. Tim McCourt, Global Head of Equities, FX, and Alternative Products at CME, noted that the exchange has witnessed intense client demand for nonstop trading. In response, the CME Group had revealed plans to make cryptocurrency futures and options available for trading 24 hours a day, seven days a week, starting from early 2026, although pending approval. 

The increase in open interest highlights how XRP and Solana now dominate the altcoin derivatives scene on CME. Solana futures surpassed $1 billion in open interest by August 2025, just five months after their launch, while XRP futures achieved the same within three months. Recent data shows that XRP futures on the CME reached a notional volume of $26.9 billion in October and over 567,000 contracts traded within six months of trading. 

Institutional Interest In XRP And Solana

The record in open interest follows CME’s introduction of options on XRP and Solana futures to expand its cryptocurrency derivatives portfolio beyond Bitcoin and Ethereum. This expansion allows traders to access options on SOL, Micro-SOL, XRP, and Micro-XRP futures, each offering daily, monthly, and quarterly expirations to meet different trading strategies.

The expansion also points to the growing sophistication of institutional participation in Solana and XRP derivatives. The first XRP options trade was executed on October 12 between Wintermute and Superstate. The first trade for options on SOL futures was executed on Monday, October 13, between Cumberland DRW and Galaxy.

Solana failed to stay above $198 and corrected gains. SOL price is now trading below $195 and might find bids near the $188 zone.

• SOL price started a downside correction below $198 against the US Dollar.
• The price is now trading below $195 and the 100-hourly simple moving average.
• There is a declining channel forming with resistance at $200 on the hourly chart of the SOL/USD pair (data source from Kraken).
• The pair could extend losses if it dips below the $188 zone.

Solana Price Approaches Support

Solana price failed to surpass $205 and started a downside correction, beating Bitcoin and Ethereum. SOL dipped below $200 and $198 to enter a short-term bearish zone.

There was a move below the 23.6% Fib retracement level of the upward wave from the $177 swing low to the $205 high. However, the bulls are active near the $192 support. Besides, there is a declining channel forming with resistance at $200 on the hourly chart of the SOL/USD pair.

Solana is now trading below $195 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $198 level. The next major resistance is near the $200 level. The main resistance could be $205. A successful close above the $205 resistance zone could set the pace for another steady increase. The next key resistance is $220. Any more gains might send the price toward the $225 level.

Downside Break In SOL?

If SOL fails to rise above the $198 resistance, it could start another decline. Initial support on the downside is near the $192 zone and the 50% Fib retracement level of the upward wave from the $177 swing low to the $205 high. The first major support is near the $188 level.

A break below the $188 level might send the price toward the $184 support zone. If there is a close below the $184 support, the price could decline toward the $177 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major Support Levels – $192 and $188.

Major Resistance Levels – $198 and $200.

Western Union has outlined a plan to launch a dollar-pegged stablecoin called U.S. Dollar Payment Token, issued by Anchorage Digital Bank on Solana with availability targeted for the first half of 2026. The company will pair the token with a Digital Asset Network that links crypto wallets to Western Union’s global cash rails, which is the practical bridge most pilots miss.

The company set the tone with a clear message from the top.

“We are committed to leveraging emerging technologies to empower our customers and communities,”

said President and CEO Devin McGranahan, adding that USDPT lets the firm “own the economics linked to stablecoins” while its Digital Asset Network focuses on last-mile cash off-ramps.

Can Solana carry remittance-scale traffic

For crypto natives, the big question is not branding. It is throughput, cost, and reliability when millions begin to push value at once. Solana’s effective user-driven throughput typically sits in the low thousands of transactions per second, with sub-cent fees in normal conditions. Peak stress tests have printed much higher marks, but those numbers are best treated as an upper bound, not a daily reality.

The network has worked to reduce the kind of whole-chain incidents that once drew criticism, and a second validator client is positioned as a resilience milestone rather than a vanity upgrade.

Western Union’s choice of Anchorage matters for trust. Anchorage Digital Bank is a federally chartered crypto bank that handles regulated custody and stablecoin issuance, and it has been expanding institutional roles across the industry this year. That pedigree gives Western Union a compliance backbone as it navigates stablecoin rules across multiple jurisdictions.

How this could change the experience

If the launch holds its timeline, the first real signal will be corridor selection. Expect flows that match Western Union’s strongest send and pickup markets, where even modest fee cuts and instant settlement can move share quickly. The company says users will access USDPT through partner exchanges, which suggests a distribution strategy that meets consumers where they already hold balances.

Solana’s official channels have already amplified the partnership, which hints at close coordination on performance, fee policy, and wallet UX before any mass-market switch flips. The proof, as always, will be in stable uptime during real paydays and weekend rushes.

Conclusion: This is less a press-release moment than a live experiment in moving remittances to crypto rails without asking the user to become a degen. If Western Union ships on time, and if Solana holds steady under real-world traffic, cross-border payments may start to feel instant, cheap, and boring in the best possible way.

FAQ

What exactly is launching and when?
Western Union plans a Solana-based stablecoin, USDPT, issued and custodied by Anchorage Digital Bank, with availability targeted for H1 2026.

Why choose Solana for remittances?
Solana offers low per-transaction fees and high practical throughput, which are important for small payments that need fast settlement.

How will users cash out?
Western Union will link partner wallets to its cash pickup network through a new Digital Asset Network for last-mile conversion.

What are the key crypto indicators to watch?
Track network uptime and fees on Solana, USDPT reserve disclosures and audits, corridor pricing versus legacy rails, and user growth in active wallets.

Glossary of key terms

U.S. Dollar Payment Token (USDPT)
A dollar-pegged stablecoin Western Union plans to issue on Solana with Anchorage Digital Bank as issuer and custodian.

Digital Asset Network
Western Union’s framework that connects crypto wallets to its global cash agent network for compliant off-ramps and on-ramps.

Effective user-driven throughput
A real-world measure of how many transactions per second a blockchain processes under normal usage rather than lab peaks.

Second validator client
An independent software implementation that increases network resilience by reducing single-client risk during incidents.

Read More: Is Solana Built for 100M Western Union Remittance Wallets?">Is Solana Built for 100M Western Union Remittance Wallets?

• Solana price hovered around $194 amid a 4.5% dip in the past 24 hours.
• However, holding near $200 amid potential bullish catalysts could be key to bulls’ advances.
• Exchange-traded funds, interest rates cut and treasury asset bets top list of bullish markers.

Solana (SOL) price dipped below the $200 mark on Wednesday as cryptocurrencies showed caution ahead of the Federal Reserve’s interest rate decision.

However, despite the 3.7% slip in the past 24 hours, institutional interest remains high. The overall macroeconomic tailwinds are also aligning, and SOL’s price could explode alongside other cryptocurrencies.

What’s bullish for Solana?

Despite the lackluster performance in the past month, Solana’s fundamentals suggest substantial upside potential.

Multiple bullish drivers point to this optimistic outlook and could fuel gains in coming months.

For instance, the rollout of spot Solana ETFs is forecast to catalyze unprecedented institutional inflows. Bitwise’s and Grayscale’s products lead the charge, but more are queued for SEC sign-off.

Day one volumes have analysts saying that a democratized access to SOL for traditional investors via familiar brokerage platforms as a potential price booster.

The ETF fervor aside, anticipation around the Federal Reserve’s interest rate decision is high. E

conomists have doubled down on a 25-basis-point reduction in the federal funds rate on Oct. 29, and anticipate a further rate cut in December. Analysts say these should be a catalyst for risk assets like cryptocurrencies.

Solana’s network activity adds to this outlook,including as seen in ecosystem revenue and decentralized exchange volumes. The SOL token is also attracting notable treasury bets.

Western Union, the world’s largest money transfer provider, building on Solana is a huge nod for the ecosystem.

Bitcoin and crypto influencer Lucky summed the above in a post on X.

Solana is catching the worldwide attention these days…

1️⃣ Solana’s first ETF launched in the U.S., hitting $56M+ trading volume on day one.

2️⃣ $8M traded in just 20 minutes, ranking among the most active crypto ETF debuts ever.

3️⃣ Western Union announced a USD-backed… pic.twitter.com/Kn2igQZRwf

— Lucky (@LLuciano_BTC) October 29, 2025

Solana price today

Per CoinGecko, Solana’s price traded at lows of $194 in early Asian hours on Oct. 29.

This is after bulls failed to make a decisive breakout above the psychological $200 mark, a threshold that now acts as a key base for both bulls and bears.

With prices down 3.7% in the past 24 hours, SOL is looking at a scenario where negative movement could extend losses to the $180 mark.

On the flipside, gains could see bulls target $250 and then $300 in the short term.

From the technical point of view, SOL price is respecting the downtrend line formed from early October.

The Relative Strength Index (RSI) on the daily chart is flatlining in the neutral area around 47.

However, while the Moving Average Convergence Divergence suggests buyers still have an upper hand, the histogram indicates bullish momentum is weakening.

The outlook suggests SOL’s price has a key immediate range of $180–$210 that could indicate next targets.

The post Solana price holds near $200 despite latest dip: what’s bullish for SOL? appeared first on CoinJournal.

Following the recent launch of multiple crypto ETFs, Bitwise Asset Manager’s CIO has forecasted a bright future for the firm’s Solana Staking Exchange-Traded Fund (ETF), as investors show strong initial interest in the investment product.

Bitwise Solana Staking ETF Sees Strong Start

On Tuesday, Bitwise CIO Matt Hougan predicted that the Bitwise Solana Staking ETF (BSOL) could attract significant institutional interest and become one of the leading investment products based on digital assets.

Hougan argued that Solana is “one of the most exciting crypto investment opportunities that exists today,” as it records “the most revenue of any blockchain.” He explained that institutional investors “love” both ETFs and revenue, which suggests that these investors will “love Solana ETFs.”

Bitwise’s CIO previously pointed out that there must be fundamental reasons for investors’ interest in investment vehicles such as ETFs and Digital Asset Treasuries (DATs), signaling that Solana has them. Therefore, he has “a feeling the Bitwise Solana Staking ETF, BSOL, is gonna be huge.”

Ahead of the launch, ETF Expert Eric Balchunas predicted that the first day volume for Bitwise’s Solana ETF could surpass the $50 million mark. Notably, the firm’s spot Bitcoin ETF (BITB) and spot Ethereum ETH (ETHW) recorded $237.9 million and $204 million on their first day, respectively.

Hougan has highlighted that Solana’s market capitalization is 1/20th the size of BTC and less than 1/4th the size of ETH. Based on this, the volume for an SOL ETF is expected to be smaller than that of ETFs based on the two leading crypto assets.

According to data shared by Balchunas, BSOL recorded an impressive volume of $10 million in the first 30 minutes of trading, hinting at initial demand. This amount surged to approximately $33 million by the half-day mark and hit $56 million by the end of its first trading day.

According to the analyst, BSOL had a strong start, noting that its “$56m is the MOST of any launch this year.. More than XRPR, SSK, Ives and BMNU.”

Crypto ETFs Launch Amid Government Shutdown

BSOL was among the crypto ETFs launched on October 28 despite the US government shutdown. As reported by NewsBTC, Bitwise, for its Solana Staking ETF, and Canary Capital, for its spot Litecoin (LTC) and Hedera (HBAR) ETFs, filed 8-A forms on Monday to launch the investment products this week despite the government shutdown.

Notably, the Securities and Exchange Commission (SEC) was set to approve over a dozen altcoin ETFs between October and November after delaying the decision deadline and releasing new generic listing standards for the products.

However, investors expected that the long-awaited green light would be delayed until the end of the government shutdown. Journalist Eleanor Terret explained that the launch was possible because an open government isn’t required and the 8-A filings are “just as important” as the S-1 forms, as they formally register ETF shares under the Securities Exchange Act of 1934.

As a result, after the NYSE certified all the filings for the ETFs, they could start trading on Tuesday. Meanwhile, Grayscale’s Solana Trust (GSOL) will convert into an ETF on Wednesday.

Solana failed to stay above $200 and corrected gains. SOL price is now trading below $200 and might decline further if it dips below $192.

• SOL price started a downside correction below $200 against the US Dollar.
• The price is now trading below $198 and the 100-hourly simple moving average.
• There was a break below a bullish trend line with support at $198 on the hourly chart of the SOL/USD pair (data source from Kraken).
• The pair could extend losses if it dips below the $192 zone.

Solana Price Corrects Some Gains

Solana price started a decent increase after it settled above the $192 zone, beating Bitcoin and Ethereum. SOL climbed above the $198 level to enter a short-term positive zone.

The price even smashed the $200 resistance. A high was formed near $205 and the price recently corrected some gains. There was a move below the 23.6% Fib retracement level of the upward wave from the $177 swing low to the $205 high.

Besides, there was a break below a bullish trend line with support at $198 on the hourly chart of the SOL/USD pair. Solana is now trading below $198 and the 100-hourly simple moving average.

On the upside, the price is facing resistance near the $198 level. The next major resistance is near the $200 level. The main resistance could be $205. A successful close above the $205 resistance zone could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $220 level.

More Losses In SOL?

If SOL fails to rise above the $200 resistance, it could start another decline. Initial support on the downside is near the $192 zone and the 50% Fib retracement level of the upward wave from the $177 swing low to the $205 high. The first major support is near the $188 level.

A break below the $188 level might send the price toward the $180 support zone. If there is a close below the $180 support, the price could decline toward the $166 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major Support Levels – $192 and $188.

Major Resistance Levels – $200 and $205.

An analyst has explained how Solana could decide its next big move after rising to $210, the resistance level of a Parallel Channel.

Solana Has Been Trading Inside A Parallel Channel Recently

In a new post on X, analyst Ali Martinez has talked about how the trajectory of Solana is looking from the perspective of a technical analysis (TA) pattern. The pattern in question is a Parallel Channel, which forms whenever an asset’s price trades between two parallel trendlines.

The upper line of the channel is considered a source of resistance, meaning that tops can be probable to appear on retests of it. Similarly, the lower level is assumed to provide support to the price, helping it to arrive at bottoms. A breakout of either of these bounds can signal a continuation of the trend in that direction. That is, a surge above the Parallel Channel can be a bullish signal, while a drop under it may lead to bearish action.

There are a few different types of Parallel Channels, depending on how the channel is oriented with respect to the graph axes. Channels that have a positive slope are known as Ascending Channels, while those that slope downward are called Descending Channels.

In the context of the current topic, the third and simplest type is the one of interest: a Parallel Channel that’s also parallel to the time-axis. This case corresponds to a phase of true sideways consolidation in the asset.

Now, here is the chart shared by Martinez that shows the Parallel Channel that the 4-hour price of Solana has been stuck inside for the last couple of weeks:

As displayed in the above graph, Solana retested the lower level of the Parallel Channel last week and successfully found support. The cryptocurrency has since been rising and nearing the resistance level, located at $210. Considering the coin’s current trajectory, the analyst has noted that its price may be heading for a retest at $210 before making its next big move. However, the direction of such a move, if one happens, remains uncertain.

Given that the $210 level corresponds to the resistance line of the Parallel Channel, it’s possible that a retest could reject Solana all the way back down to the support level around $176. It’s also possible, though, that this retest could instead lead to a breakout. In this case, SOL could naturally see a sustained bullish push. It now remains to be seen which of the two scenarios will play out for the asset if the Parallel Channel holds and a retest takes place.

SOL Price

At the time of writing, Solana is floating around $200, up over 7.5% in the last seven days.

The Solana decentralized finance (DeFi) ecosystem just gained another powerful addition with the launch of SolsticeFi. This innovative new platform is poised to introduce a much-needed layer of risk-controlled yield generation, directly addressing one of the primary concerns for users venturing into the safety of their deposited capital.

SolsticeFi is reimagining how investors earn on Solana by introducing a defensively engineered approach to yield, one that directly protects the value of user deposits. According to crypto commentator Madissa’s post on X, one of SolsticeFi’s most compelling features is its ability to allow users to continue earning staking rewards while keeping their assets liquid and usable across the broader DeFi ecosystem.

How SolsticeFi Balances Risk While Generating Yield

This innovation created continuous opportunities for user to deploy their capital in other protocols without interrupting their base yield, instead of locking up funds. SolsticeFi platform is designed to prioritize full transparency and validator diversification, minimizing exposure to single-validator risks and opaque yield platforms. Furthermore, depositing capital into SolsticeFi provides support for SOL’s network security while generating sustainable returns for users.

Related Reading: Solana Stays Strong: Network Outperforms Rivals Amid AWS Outage Turmoil

Crypto analyst Hokage has also mentioned how Solana is improving and completely revolutionizing financial transaction speeds in traditional finance (TraFi), where transfers take days, settlements drag, and middlemen slow everything down.

SOL has changed the game by creating a new block every 400 milliseconds, and currently, the central to this acceleration is Bam, the new block assembly marketplace. This Bam will speed up how quickly user transaction gets picked up and integrated into a block, and slash inclusion times to an astonishing 50-100 milliseconds. Building on this is Alpenglow, which takes finality down to an incredible 100-150 milliseconds faster than a blink, and the point where the network confirms the user transaction is 100% done and irreversible.

One project that stands out in these ultra-fast ecosystem steps is SolsticeFi’s USX, a stablecoin specifically built to move at that speed, which enables users to send dollars, deploy capital, and settle instantly. Hokage concluded that “while these advancements might sound like pure sci-fi, if you’ve been around the SOL ecosystem, you would know it’s not.”

Market Confidence Returns To Solana

While SolsticeFi provides speed and reduces risk to Solana yield platforms, KOLS Manager at Binance, investor, and trader BitGuru, has noted that SOL’s price is currently showing a strong bullish setup, after following a steady downtrend and now stabilizing near key support.

As a result of that action, the SOL market is now pulling back with considerable strength, aiming to break above the critical $210 resistance level, a zone that has capped multiple attempts at recovery. A decisive breakout above $210 would likely trigger SOL’s next leg higher toward $230 and beyond.

• Reliance Global Group adds Solana to diversify its financial holdings.
• The company’s crypto portfolio includes exposure to Bitcoin, Ethereum, XRP and Cardano.
• Investing in Solana allows Reliance to proactively embrace blockchain innovation.

Reliance Global Group Inc. (NASDAQ: RELI) has expanded its cryptocurrency portfolio with the addition of Solana (SOL), marking another step in its ongoing digital asset treasury strategy.

The move positions the company among a growing list of publicly traded firms integrating blockchain-based assets into their corporate balance sheets.

The announcement, made on October 27, 2025, confirms that Reliance now holds five of the top ten cryptocurrencies by market capitalization — Bitcoin, Ethereum, Cardano, XRP, and Solana.

The addition underscores the company’s belief in the long-term potential of blockchain technology and its applications in both finance and enterprise innovation.

Reliance expands its Blockchain exposure

Reliance’s decision to purchase Solana represents a milestone in its broader digital asset diversification strategy.

The company described the acquisition as part of its disciplined approach to building exposure across major blockchain ecosystems.

“By adding Solana alongside Bitcoin, Ethereum, Cardano, and XRP, we continue to execute our disciplined strategy of diversifying across leading blockchain ecosystems,” said Moshe Fishman, a member of the Reliance Global Group Crypto Advisory Board and Director of Insurtech at Reliance. “Solana represents the next generation of blockchain performance — built for real-world adoption and institutional-scale applications.”

Solana, currently the sixth-largest cryptocurrency by market capitalization at over $110 billion, has become increasingly attractive to corporate treasuries and institutional investors.

Known for its hybrid Proof-of-Stake and Proof-of-History consensus mechanisms, Solana can process over 65,000 transactions per second, with blocks confirming in about 400 milliseconds.

The blockchain’s scalability and efficiency have made it a favored platform for decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 applications.

Fishman noted that expanding into Solana aligns with Reliance’s commitment to innovation while maintaining a balanced approach to governance, security, and compliance.

Institutional interest in Solana grows

Solana’s inclusion in Reliance’s treasury comes amid growing institutional and corporate interest in the blockchain.

Its expanding ecosystem — spanning DeFi protocols, tokenized real-world assets, and NFT platforms — continues to drive adoption.

Market analysts point to the increasing appeal of Solana as a potential treasury asset, bolstered by the anticipation of regulatory approval for spot Solana exchange-traded funds (ETFs).

The token traded near $200 on October 27, reflecting broader optimism surrounding blockchain utility and scalability.

Reliance’s move follows similar announcements by other public companies in recent months, as corporate treasuries diversify away from traditional assets to hedge against inflation and capture long-term value in digital markets.

Solana treasury companies

The addition of Solana to Reliance Global Group’s treasury is a strategic effort that many other public companies have tapped into across the market.

SOL’s price has largely benefited from the sentiment around these efforts.

While DeFi, NFTs and RWA traction stands out, Solana’s native token has received notable upside momentum from the growing treasury asset plays.

Forward Industries, Solana Company, Upexi, DeFi Development Corp, Sol Strategies and Sharps Technology are among the top SOL treasury companies.

Data from CoinGecko shows the 10 leading public companies cumulatively hold over 15.7 million SOL, currently worth over $3.18 billion.

The post Solana boost as Reliance adds SOL to treasury holdings appeared first on CoinJournal.

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