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Wrapped Solana price

Wrapped Solana priceSOL

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Price of Wrapped Solana today

The live price of Wrapped Solana is $189.51 per (SOL / USD) today with a current market cap of $246.06M USD. The 24-hour trading volume is $1.24B USD. SOL to USD price is updated in real time. Wrapped Solana is -1.89% in the last 24 hours. It has a circulating supply of 1,298,420.5 .

What is the highest price of SOL?

SOL has an all-time high (ATH) of $1,570.08, recorded on 2024-01-01.

What is the lowest price of SOL?

SOL has an all-time low (ATL) of $8.21, recorded on 2022-12-29.
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Wrapped Solana price prediction

What will the price of SOL be in 2025?

Based on SOL's historical price performance prediction model, the price of SOL is projected to reach $308.95 in 2025.

What will the price of SOL be in 2030?

In 2030, the SOL price is expected to change by -8.00%. By the end of 2030, the SOL price is projected to reach $886.67, with a cumulative ROI of +351.13%.

Wrapped Solana price history (USD)

The price of Wrapped Solana is +692.35% over the last year. The highest price of in USD in the last year was $1,570.08 and the lowest price of in USD in the last year was $15.76.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h-1.89%$132.78$140.79
7d-8.63%$131.14$151.25
30d-24.06%$131.14$182.35
90d-22.11%$119.57$204.02
1y+692.35%$15.76$1,570.08
All-time0.00%$8.21(2022-12-29, 1 years ago )$1,570.08(2024-01-01, 361 days ago )

Wrapped Solana market information

Market cap
$246,058,244.16
-1.89%
Fully diluted market cap
$246,058,244.16
-1.89%
Volume (24h)
$1,236,727,601.59
-8.60%
Market rankings
Circulation rate
99.00%
24h volume / market cap
502.61%
Circulating supply
1,298,420.5 SOL
Total supply / Max supply
1,298,420.51 SOL
-- SOL
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Wrapped Solana ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

About Wrapped Solana (SOL)

Wrapped Solana Token: Unveiling its Purpose and Potential

Why Was Wrapped Solana Token Created?

The Wrapped Solana Token (wSOL) was formulated to address one fundamental hurdle in the blockchain ecosystem, i.e., interoperability. This characteristic represents the ease with which different blockchains can communicate and interact with one another.

Despite the existence of thousands of digital currencies, the underlying technology that powers most of them isn't uniform. This technical diversity leads to a significant lack of interoperability, making it tough for these decentralized ecosystems to interact.

Here's where Wrapped tokens come into play. They are a type of cryptocurrency that mirror the price of another cryptocurrency. They are tied to the value of the original crypto, and can be minted or burned as necessary. In the case of the Wrapped Solana Token (wSOL), it mirrors the price of Solana Token (SOL).

How Does Wrapped Solana Token Work?

A Wrapped Solana Token (wSOL) represents the value of Solana on other blockchain networks, such as Ethereum. This allows the value of Solana to be utilized on platforms that would not normally support it. This basic concept results in unprecedented blockchain interoperability, fluid assets transfer and unlocks novel avenues for decentralized finance (DeFi).

To obtain wSOL, holders deposit the native crypto (SOL) into a secure wrap protocol. Once deposited, the protocol mints a corresponding amount of wSOL token, keeping the same value as the original SOL.

Any wrapped token can freely move within the network it is compatible with. wSOL, for example, could travel through the Ethereum blockchain, participating in various protocols that accept it. Once its mission is complete, the wSOL can be unwrapped, burning the wSOL and releasing the original SOL back to the holder.

What Potential Does Wrapped Solana Token Hold?

DeFi protocols have an insatiable appetite for liquidity. While these protocols promise high returns, they are often constrained by the assets they can support. Wrapped tokens, like wSOL, could provide a solution, giving these platforms seamless access to an existing pool of liquidity.

Moreover, as Solana positions itself as a high-speed low-cost solution to Ethereum’s scalability issues, the demand for wSOL tokens on Ethereum-based DApps can likely grow. wSOL brings Solana's super-fast, secure, and censorship-resistant transactions to the Ethereum ecosystem, opening new opportunities for arbitrage, flash loans, and yield farming.

In conclusion, Wrapped Solana Token (wSOL), embracing the decentralization ethos at its core, carefully solves the interoperability issue, simultaneously imparting fluidity and expanding possibilities in the universe of blockchain and DeFi. These developments might only be the tip of the iceberg, and wSOL could unlock more potentials in the rapidly evolving DeFi space.

How to buy Wrapped Solana(SOL)

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Wrapped Solana news

Bonk DAO burns 1.69T tokens, bringing the supply down to 91T
Bonk DAO burns 1.69T tokens, bringing the supply down to 91T

Share link:In this post: BONK ended its voting period to burn 1T tokens, and ended up with a 1.69T burn due to higher community engagement. BONK still traded near the lower range for the month at $0.000031. The leading Solana token was recently displaced by the native Pudgy Penguins token, PENGU.

Cryptopolitan2024-12-27 07:22
Glory days: Why we can’t forget Lightning Network
Glory days: Why we can’t forget Lightning Network

Bitcoin may be more serious now, but we can’t forget about the Lightning Network

Blockworks2024-12-27 07:11
More Wrapped Solana updates

FAQ

What is the current price of Wrapped Solana?

The live price of Wrapped Solana is $189.51 per (SOL/USD) with a current market cap of $246,058,244.16 USD. Wrapped Solana's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Wrapped Solana's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Wrapped Solana?

Over the last 24 hours, the trading volume of Wrapped Solana is $1.24B.

What is the all-time high of Wrapped Solana?

The all-time high of Wrapped Solana is $1,570.08. This all-time high is highest price for Wrapped Solana since it was launched.

Can I buy Wrapped Solana on Bitget?

Yes, Wrapped Solana is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in Wrapped Solana?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Wrapped Solana with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

Where can I buy Wrapped Solana (SOL)?

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1 SOL = 189.51 USD
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Bitget Insights

Crypto-Paris
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2h
Solana's Inclusion in ETFs: A New Frontier for Crypto Investments Key Highlights 1. Solana ($SOL) co
Solana's Inclusion in ETFs: A New Frontier for Crypto Investments Key Highlights 1. Solana ($SOL) considered for inclusion in diversified Exchange-Traded Funds (ETFs). 2. Major asset managers explore Solana-based ETFs amidst evolving regulatory landscape. 3. U.S. Securities and Exchange Commission (SEC) previously classified Solana as an unregistered security. Benefits of Inclusion 1. Increased liquidity. 2. Broadened investment opportunities. 3. Validation of digital assets. 4. Growing institutional adoption. Solana's Advantages 1. High transaction speeds. 2. Scalability. 3. Expanding ecosystem. Regulatory Outlook 1. Potential shift in regulatory stances. 2. New administrative policies. 3. Ongoing discussions with SEC. Market Impact 1. Increased mainstream adoption. 2. Solidified position in crypto market. 3. Wider acceptance among traditional investors. Future Directions 1. Continued regulatory clarity. 2. Expanded ETF offerings. 3. Growing investor confidence.
MAJOR+1.73%
SOL+1.07%
Hani_baloch
Hani_baloch
2h
Solana's Inclusion in Exchange-Traded Funds (ETFs): A New Frontier for Crypto Investments The crypt
Solana's Inclusion in Exchange-Traded Funds (ETFs): A New Frontier for Crypto Investments The cryptocurrency market is witnessing a shift towards greater mainstream adoption, with Solana $SOL emerging as a key player. Following the success of Bitcoin Exchange-Traded Funds (ETFs), major asset managers are exploring the inclusion of Solana and other cryptocurrencies in diversified ETFs. These funds aim to provide investors with exposure to multiple digital assets, broadening investment opportunities within the crypto ecosystem. This development comes amidst an evolving regulatory landscape. The U.S. Securities and Exchange Commission (SEC) has previously classified Solana as an unregistered security, raising questions about its inclusion in ETFs. However, asset managers remain optimistic, with some anticipating a shift in regulatory stances as new administrative policies take shape. The move towards Solana-based ETFs highlights the growing confidence in the blockchain's technological capabilities and market potential. Solana's high transaction speeds, scalability, and expanding ecosystem make it an attractive candidate for institutional investments. Moreover, its inclusion in ETFs could drive increased liquidity and adoption, solidifying its position in the crypto market. While regulatory challenges persist, the potential approval of ETFs featuring Solana represents a significant milestone for the cryptocurrency industry. Such developments not only validate the utility of digital assets but also pave the way for wider acceptance among traditional investors. As the regulatory environment evolves, Solana's role in shaping the future of crypto investments continues to gain prominence.
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Obi-SY4KXVRC
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Solana's Inclusion in Exchange-Traded Funds (ETFs): A New Frontier for Crypto Investments
Solana's Inclusion in Exchange-Traded Funds (ETFs): A New Frontier for Crypto Investments The cryptocurrency market is witnessing a shift towards greater mainstream adoption, with Solana $SOL emerging as a key player. Following the success of Bitcoin Exchange-Traded Funds (ETFs), major asset managers are exploring the inclusion of Solana and other cryptocurrencies in diversified ETFs. These funds aim to provide investors with exposure to multiple digital assets, broadening investment opportunities within the crypto ecosystem. This development comes amidst an evolving regulatory landscape. The U.S. Securities and Exchange Commission (SEC) has previously classified Solana as an unregistered security, raising questions about its inclusion in ETFs. However, asset managers remain optimistic, with some anticipating a shift in regulatory stances as new administrative policies take shape. The move towards Solana-based ETFs highlights the growing confidence in the blockchain's technological capabilities and market potential. Solana's high transaction speeds, scalability, and expanding ecosystem make it an attractive candidate for institutional investments. Moreover, its inclusion in ETFs could drive increased liquidity and adoption, solidifying its position in the crypto market. While regulatory challenges persist, the potential approval of ETFs featuring Solana represents a significant milestone for the cryptocurrency industry. Such developments not only validate the utility of digital assets but also pave the way for wider acceptance among traditional investors. As the regulatory environment evolves, Solana's role in shaping the future of crypto investments continues to gain prominence.
MOVE-3.77%
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veedzi
veedzi
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The pre-launch price of the MTOS coin on the Bitget app hasn’t been explicitly stated yet. However, the pre-market trading for MTOS (MomoAI) starts today, December 27, 2024, at 08:00 UTC and will continue until January 6, 202512. As for profitability, predicting the exact performance of a new cryptocurrency can be challenging due to the volatile nature of the market. MomoAI (MTOS) is a notable project as it is the No.1 gaming platform on Solana and integrates deeply with the Solana Mobile and Play Solana ecosystems1. This could potentially attract significant interest and investment, which might positively impact its price. If you’re considering investing, it’s crucial to conduct thorough research and consider factors such as the project’s fundamentals, market trends, and your own risk tolerance. Would you like more detailed information on how to evaluate new cryptocurrency investments? $BGB $BTC $SOL
BTC+0.68%
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JamesAnan
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$SOL's role in the Web3 revolution and decentralized internet.
Solana ($SOL) plays a critical role in advancing the Web3 revolution and shaping the decentralized internet by offering a high-performance blockchain platform that addresses scalability, speed, and cost barriers. Its innovative architecture and ecosystem development have positioned it as a key enabler of Web3 technologies. Here's how Solana contributes to this transformative movement: 1. High Throughput and Scalability: Solana’s unique Proof of History (PoH) combined with Proof of Stake (PoS) enables the network to process thousands of transactions per second with minimal latency. This scalability is essential for supporting Web3 applications that demand real-time interactions, such as decentralized finance (DeFi), gaming, and social media platforms. 2. Low Transaction Costs: The low fees on the Solana network make it accessible to a broad range of users and developers. This affordability is crucial for onboarding the next billion users to Web3, especially in emerging markets where high transaction costs can be a barrier. 3. Developer-Friendly Ecosystem: Solana offers robust developer tools, including the Solana SDK and seamless integration with programming languages like Rust and C. These tools empower developers to create decentralized applications (dApps) efficiently, accelerating the adoption of Web3 technologies. 4. Support for Decentralized Applications: Solana hosts a wide variety of dApps, ranging from decentralized exchanges (DEXs) and NFT marketplaces to Web3 social platforms and metaverse projects. This diverse ecosystem exemplifies its capability to power the decentralized internet. 5. Interoperability and Cross-Chain Solutions: Solana’s compatibility with other blockchain networks enhances interoperability, a cornerstone of the Web3 revolution. Cross-chain bridges and partnerships allow seamless asset transfers and data sharing, fostering a connected decentralized ecosystem. 6. Energy Efficiency: Solana’s energy-efficient consensus mechanism ensures that its operations are environmentally sustainable, aligning with the ethos of a decentralized internet that minimizes ecological impact. 7. Decentralized Storage and Infrastructure: Through partnerships with decentralized storage solutions like Arweave, Solana supports permanent and censorship-resistant data storage, a key requirement for the decentralized internet. 8. Empowering DAOs and Governance: Solana’s infrastructure supports decentralized autonomous organizations (DAOs), enabling communities to govern Web3 projects transparently and collaboratively. 9. NFT and Creator Economy: Solana’s thriving NFT ecosystem empowers creators by providing a scalable platform for minting, trading, and showcasing digital assets. This supports the Web3 vision of decentralizing the creator economy and reducing reliance on intermediaries. 10. Global Community and Adoption: Solana’s active community and partnerships with major Web3 projects demonstrate its commitment to building a decentralized internet. Initiatives like hackathons, grants, and educational programs encourage innovation and adoption worldwide. Solana’s combination of speed, scalability, and affordability positions it as a cornerstone of the Web3 revolution, enabling a decentralized internet that is inclusive, efficient, and user-centric. $SOL
SOCIAL-1.78%
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