Solana

Solana ($SOL) trades at $95.49, down 1.1% over 24 hours and down 5.8% across seven days, holding a market capitalization of $51.9 billion as the seventh-ranked digital asset.

Institutional deployments expanded this week. Ondo Finance deployed seven tokenized Intelligent Portfolios to the network, introducing BlackRock-backed strategies following $40 million in initial deposits on Ethereum and BNB Chain. Polygon Labs introduced its Open Money Stack payments tool to Solana to facilitate fiat on-ramps and bank settlements. Anchorpoint also prepares to issue its HKDAP asset natively on the network.

On the infrastructure front, the Solana Agave client tagged its v4.4.0 pre-release on GitHub following validator challenges. Earlier, staking protocol Marinade waived bond penalties for operators affected by an Agave bug. Meanwhile, validator records revealed that the Solflare validator turned delinquent at slot 462,239,999 with 1.56 million $SOL at stake following a provider key issue.