Solana Treasury Expands To New Heights – Here’s How Much Is Now Held By Entities

As Tuesday drew to a close, the broader cryptocurrency market experienced a bearish move, causing major digital assets such as Solana to lose their renewed bullish ￰0￱ the ongoing fluctuations in the price of SOL, the institutional interest in the leading altcoin continues to grow stronger through the SOL-based treasury. A Significant Portion Of Solana Held In Treasury Reserve In the pursuit of a digital asset-based strategic treasury reserve, Solana continues to demonstrate its potential and resilience as a formidable crypto asset for this growing ￰1￱ a SOL treasury reserve was introduced, the strategy has persistently expanded to significant ￰2￱ protocol income, validator awards, and ecosystem donations flood in, Solana’s treasury has gradually gathered resources, setting up the project for long-term sustainability and innovation.

SOL’s treasury rise to dominance reaffirms investor confidence in the network’s capacity to finance upcoming projects, grants, and technology developments, notwithstanding general market ￰3￱ its steady expansion, Ted Pillows, an on-chain and market expert, has shared a post on X that shows that the SOL strategic reserve has reached a new ￰4￱ massive growth in its treasury strategy underscores the rise in the network’s financial strength and the maturity of its ￰5￱ shared by Ted Pillows shows that SOL treasury entities now hold a total of 20.13 million SOL, valued at a whopping $4.6 ￰6￱ accumulated SOL by these treasury companies consists of 3.53% of the altcoin’s total ￰7￱ is important to note that this massive supply of SOL is held by a total of 20 corporate entities.

A trend that underscores the rapid adoption of SOL by high-net-worth investors, strengthening its price ￰8￱ SOL treasury has grown strong , Pillows believes that the anticipated SOL staking Exchange-Traded Fund (ETF) is likely to attract more inflows into the ￰9￱ Is Leading All Chains In DApp Revenue And DEX Volume Solana treasury is gaining traction due to the blockchain’s strong on-chain activity and developer ￰10￱ network has taken the lead in Decentralized Application (DApp) revenue and Decentralized Exchange (DEX) trading ￰11￱ to a report from SolanaFloor, SOL has surpassed all Layer 1 and Layer 2 chains across the crypto sector in both ￰12￱ dominance in these areas solidifies SOL’s position as one of the most active ecosystems in the crypto ￰13￱ terms of DApp revenue, the network recorded a total of $4.67 million within a day, ahead of Ethereum and Hyperliquid.

Meanwhile, the leading blockchain accumulated over $4.87 million in terms of DEX volume within the same period, with ETH and BSC (Binance Smart Chain) coming in second and third spot, ￰14￱ the time of writing, the price of SOL was trading at $195, after recording a more than 2% decline over the last 24 ￰15￱ the pullback in SOL, bullish sentiment is gradually improving among investors, as evidenced by the over 21% increase in its daily trading volume.