Solana’s native token SOL reached a 30-day high of $83, driven by increased activity in network-based memecoins, tokenized assets, and the launch of new decentralized prediction market platforms.

Key Points

• SOL reached a 30-day high of $83 on Friday, decoupling from the broader altcoin market's recent downward trend.
• Tokenized assets on the Solana network hit a record $3.5 billion, led by corporate credit tokens and stock market indexes.
• The ANSEM memecoin, launched on Pump.fun, reached a $112 million market capitalization, while the PUMP token saw 27% weekly gains.
• New prediction market platforms, including World and Jupiter, launched on the network to compete for betting volume during the World Cup.
• Solana leads the tokenized industry with 294,274 active addresses, significantly outpacing Ethereum’s 204,955.
• SOL perpetual futures funding rates dropped to 3%, indicating that traders are currently hesitant to leverage positions for a rally toward $90.

Why it Matters

The surge in Solana activity highlights a growing shift toward real-world asset tokenization and niche decentralized finance applications as primary drivers for network growth. However, the cooling of leveraged futures suggests that market participants remain cautious about whether these speculative trends can sustain long-term price appreciation.