Gate News Bot message, December 11th, according to CoinMarketCap data, as of press time, SOL (Solana) is trading at $130.90, down 6.07% in the past 24 hours, with a high of $144.74 and a low of $128.29. The current market capitalization is approximately $73.537 billion, a decrease of about $4.752 billion from yesterday.
Solana is a blockchain platform providing global financial infrastructure for the masses, mainly offering developers and users efficient blockchain experiences. Known for its high speed and low costs, Solana supports thousands of transactions per second, with transaction fees below $0.0025, and utilizes a proof-of-stake consensus mechanism to achieve carbon neutrality.
The Solana ecosystem is developing rapidly, supporting various applications including payments, gaming, NFTs, and DeFi. Recently, Solana Mobile launched the Seeker smartphone, equipped with Seed Vault key storage, Solana dApp store, and other features. Franklin Templeton has expanded its government money market fund onto the Solana network, accessible via the BENJI platform. Additionally, the Solana Breakpoint global flagship conference will be held in Abu Dhabi from December 11-13, gathering over 5,000 founders, builders, and institutional representatives.
Important recent news about SOL:
1️⃣ Deepening Integration of Institutional-Grade Applications and Traditional Finance
State Street and Galaxy Asset Management announced that in early 2026, they will launch the tokenized liquidity fund SWEEP on Solana, providing qualified institutions with 24/7 on-chain liquidity management. The fund will use PayPal’s stablecoin PYUSD for subscription and redemption, with Ondo Finance committing approximately $200 million as initial capital. Bhutan launched a gold-backed digital token called TER on the Solana chain, issued by Gleep’s Mindfulness City, distributed and custodied by Bhutan’s first licensed digital bank DK Bank, marking an important step in the country’s blockchain strategy. Superstate introduced “Direct Issuance Programs,” allowing listed companies to raise funds by issuing tokenized stocks directly to investors; this service will run on Solana, with the first issuance expected in 2026. Invesco Galaxy Solana ETF has filed Form 8-A with the SEC to register and list on the Cboe BZX exchange. These institutional application expansions further reinforce Solana’s strategic position in asset tokenization and on-chain financial infrastructure.
2️⃣ Ecosystem Liquidity Reset and Market Bottom Characteristics
On-chain data shows that the profit-loss ratio on Solana has remained below 1 since mid-November, indicating that realized losses in the market exceed realized gains, and liquidity has shrunk to deep bear market levels. This metric reflects typical bottom features such as weak hands being cleaned out and liquidity contraction. Multiple on-chain analyses indicate that Solana is in a “comprehensive liquidity reset” phase, a signal historically seen during critical bottoming stages. Spot Solana ETF fund inflows remain stable, with a net inflow of $17.72 million this week, and Fidelity’s FSOL recorded a single-day net inflow of $1.18 million, bringing total SOL inflows to $640 million, suggesting institutional accumulation at low prices. If the price drops from the current approximately $137 to $129, up to $500 million of long positions could be liquidated, but analysts believe that triggering this liquidation zone will help “clear excess leverage” and lay the foundation for institutional capital to flow back.
3️⃣ Application Iteration and Market Share Expansion
Solana DEX trading volume has surpassed all other chains for the 16th consecutive week, continuously consolidating its market share advantage. The Solana Breakpoint global flagship conference will be held in Abu Dhabi from December 11-13, expected to announce new developments related to RWA, ecosystem partnerships, and on-chain revenue models. Several meme coins on Solana have recently experienced significant surges, with Pump’s live coin GBACK surpassing the million-dollar market cap, and projects like PIPPIN, 67, and FKH rising over 70% in 24 hours, reflecting increased activity and warming market sentiment in the Solana ecosystem. Meanwhile, Animoca Brands and Solv Protocol have partnered to help large Bitcoin holders in Japan activate assets and generate yields, further expanding Solana’s ecosystem and institutional capital linkage.
This message is not investment advice; please be aware of market volatility risks.
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