Solana Hits Highest Price This Month Amid Coinbase Upgrades, Canadian ETF Launches
Summary
Solana (SOL) reached its highest price in April at nearly $136, marking a 6% increase on the day and a 23% rise over the past week. This surge follows the launch of Canada's first spot Solana ETFs, which include staking capabilities, and infrastructure upgrades at Coinbase. The ETFs allow investors to earn yields through staking SOL to support the blockchain. While spot Solana ETFs are not yet approved in the U.S., applications have been filed by firms like VanEck and 21Shares. Coinbase's upgrades aim to enhance transaction speed and reliability, improving block processing throughput by five times and RPC performance by four times. These changes address previous criticisms regarding transaction delays on the platform.
