The SEC wonders if Solana Staking Products is qualified as FNB under the federal law.
In May, more than 1.4 million new tokens were launched on the network. Although it is mainly parts even, this shows that the interest in Solana’s ecosystem remains strong.
However, the point of the creation of tokens has not resulted in stronger market measures. The Global Solana market capitalization has decreased by 5%, and the commercial volume has dropped again by 8% this week.
The network won its victories. More than $ 650 million in assets passed from other blockchains in Solana last month, Ethereum representing more than $ 400 million in this total.
Solana went from $ 176 to $ 160 this week, a drop of 9% while the regulatory pressure threw a shadow on its momentum.
Despite the drop in prices and the legal opposite winds, the institutional interest for Solana seems to be firm.
Solana continues to lead in the revenues generated by the blockchain, hosting some of the fastest growth cryptography applications in space. Among them, Axiom has established a new reference by becoming the first application to reach $ 100 million in income in just 129 days.
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