The SOL token showed significant growth on Wednesday trading after the Solana network reached record transaction volumes and major financial institutions confirmed the integration of the blockchain into their payment systems. The surge in activity coincided with the successful deployment of the Firedancer update, which greatly increased network throughput and strengthened Solana’s position as a competitor to Ethereum.

As a result, ecosystem project tokens and SOL itself traded roughly 12% higher than early-week levels, reaching $98.50 at midday after a short-term spike to $102. The current value of the asset in hryvnia is around 4,026 UAH, giving the project a market capitalization exceeding $54 billion and attracting institutional investor attention.

At the peak of daily trading volume, which exceeded $3.5 billion, Solana secured its place among the top five cryptocurrencies globally by market capitalization. The network successfully overcame technical barriers and regulatory pressures from recent months, ensuring operational stability and increasing market confidence.

Investor interest was also fueled by news of SOL spot trading on the ETrade platform via Morgan Stanley and the growth of the tokenized asset (RWA) sector on the network, with volumes surpassing $1.7 billion. These factors provide a foundation for further strengthening Solana’s position in the cryptocurrency ecosystem.