Solana (SOL) posts a 7% gain on Wednesday after VisionSys AI revealed plans to launch a $2 billion SOL treasury, in partnership with staking protocol Marinade Finance.
Solana (SOL) edges higher by nearly 0.50% at press time on Tuesday, succeeding the 9.12% drop on Monday. The sudden fall in SOL is underpinned by massive net outflow, which is now flashing a risk of $176 million in long liquidations if the declining trend continues.
The Decentralized Finance (DeFi) segment is regaining popularity driven by a surge in Total Value Locked (TVL) and an increasing user base, as investors' growing risk appetite fuels a capital rotation from Bitcoin (BTC) to Ethereum (ETH), Solana (SOL), and other top layer-1 cryptocurrencies.