Funding Update | Perena Completes New Round of Financing
The decentralized stablecoin infrastructure project Perena has announced the completion of a new round of financing, attracting over 350 supporters, including institutions such as:
Susquehanna
Native CryptoX
Hermeneutic Investments, among others.
Previously, Perena completed a $3 million pre-seed funding round led by Borderless Capital, aiming to build stablecoin trading infrastructure on Solana.
The stablecoin sector continues to heat up, and Perena is worth watching!
#DeFi #Solana #Stablecoin #CryptoNews
Perena
We're excited to announce the close of a fresh funding round with select institutions — alongside an oversubscribed Echo Round — to build the future of stablebanking.
The raise saw participation from 350+ backers and sold out in minutes.
More exciting news, soon... 👀
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阿布说币
🚨 The $SOL ETF has just started trading...
It will inject over $10 billion into altcoins in the coming days.
I analyzed the market data and ETF reports...
Here’s everything you need to know and the next steps in the #crypto 🧵👇
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Justin | Zeus Network
On-chain stocks create the most capital-efficient Bitcoin market ever.
No more: Bitcoin → USD → Stocks → USD → Bitcoin
Now: Bitcoin → On-chain Equities (direct)
Every conversion layer removed is friction eliminated. Bitcoin becomes the natural base currency.
This will all happen on Solana
"Stay tuned for the next Bitcoin application from Zeus"
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Professor Jo 🐙
<CLOBs on Blobs 🦣 and Celestia’s Comeback>
In the second half of 2023, modular blockchains and rollups were at the center of crypto’s dominant narrative. However, as time passed, the narrative lost momentum due to a lack of users and decreasing transaction activity. Celestia’s blobspace also remained underutilized for a period. But things are changing again.
A new narrative, “CLOBs on Blobs,” is driving real demand for Celestia’s data availability (DA) layer—not just hype, but actual on-chain traffic. I sat down with Nick White from @celestia, to discuss their long-term vision, technical philosophy, and the structural changes behind this renewed momentum.
1. Celestia’s Core Principle: Verifiability
Throughout the interview, @nickwh8te emphasized that “the essence of blockchain is verifiability.” DA is not just about storing data—it's a foundational component that ensures blockchain security. Celestia was designed so that anyone can independently verify data, relying not on centralized structures like DACs (Data Availability Committees), but instead on Data Availability Sampling (DAS).
To clarify: DACs rely on a small group of servers to store off-chain data and sign off on its availability. In contrast, DAS allows data to be verified via random sampling, without requiring high bandwidth or powerful hardware. This concept was introduced in a 2018 paper co-authored by Celestia co-founder Mustafa Al-Bassam and Ethereum’s Vitalik Buterin—and Celestia is the first project to bring it to mainnet.
2. Rollups Aren’t Dead—Real Demand Is Emerging
Interest in rollups faded by late 2023. As blob usage on Celestia declined, many began to question whether the rollup thesis was over. Nick countered this sentiment by referencing the Gartner Hype Cycle: "Every technology goes through a phase of disillusionment." Celestia, he said, is now entering the early stage of actual adoption.
He pointed to a growing trend. Traditional financial institutions and crypto exchanges are expanding into on-chain trading. Robinhood launched tokenized stock trading on @arbitrum, Coinbase introduced its L2 chain Base, Kraken unveiled Ink, and Worldcoin launched World Chain—all of them rollup-based. As these platforms scale, demand for a robust DA layer like Celestia becomes increasingly critical.
Nick noted that rollups offer what general-purpose L1s cannot: low latency, customizable execution environments, and independent economic models. These advantages require strong DA infrastructure to maintain performance and trust—which is precisely where Celestia fits in.
Nick also shared a compelling vision for Celestia’s long-term revenue model. While it currently generates income through DA fees, he emphasized that future value will come from shared revenue with rollup execution layers. As native rollups on Celestia proliferate and build their own execution environments, a portion of the economic activity they generate could be shared with the DA layer itself—similar to how Solana captures value from its execution layer.
This approach positions Celestia not just as infrastructure, but as a platform that captures value across the entire rollup ecosystem. Nick highlighted this structural design as a key reason to be optimistic about Celestia’s long-term future—beyond short-term market cycles.
As a prime example, Nick mentioned Robinhood’s tokenized stock rollout as “just the beginning.” While Ethereum DA may be sufficient at first, growing user activity will eventually strain its capacity—opening the door for Celestia to become the go-to alternative. Several TradFi firms are exploring decentralized infrastructure for stocks, options, and derivatives, all of which demand low latency, high throughput, and verifiability. According to Nick, Celestia is best positioned to meet all three.
3. CLOB on Blobs: The Next Wave of Blob Demand
Blob usage on Celestia has surged recently, driven by the emergence of CLOB-based on-chain exchanges. Platforms like Hyperliquid and Hibachi are building decentralized exchanges with performance comparable to centralized ones—including fine-tuned price discovery, low-latency order matching, and complex fee models. These require massive data throughput and can only operate on rollup infrastructure.
Celestia currently offers 1.33 MB/s of DA throughput (roughly equivalent to 10,000 TPS) and is targeting scalability of up to 200,000 TPS through future upgrades. As a result, blob demand has tripled in the past three months. Beyond Hibachi, other CLOB or options-focused rollups like Rise and Derive are also integrating—or actively evaluating—Celestia.
4. Expanding $TIA Utility and Controlling Inflation
Celestia’s native token, $TIA, was initially used solely for paying blob fees. But the upcoming Lotus upgrade (expected in July) will significantly expand its utility. With Hyperlane bridging support, $TIA will become transferable across other chains like Ethereum and Solana, enabling its use as a yield-bearing asset within DeFi.
Celestia is also addressing concerns around token inflation. The current 7% annual inflation rate is set to drop to 5%, then eventually 4%, with a long-term target of 2.5% under a proposed “Proof of Governance” model. Additionally, most VC tokens will be fully unlocked by November 2025, which should ease long-term supply pressure.
5. From Technology to Demand-Driven Proof
What became clear through this interview is that Celestia is no longer just a technology story—it’s now about real demand. As on-chain exchanges scale, blob usage rises. If revenue-sharing from execution layers materializes, Celestia’s REV (Real Economy Value) will grow significantly. In short, the project is approaching a point where its tech and vision may soon be validated by numbers.
While some near-term supply concerns remain due to upcoming token unlocks, the broader picture is becoming more favorable. With inflation being adjusted and $TIA entering DeFi, it’s becoming easier to imagine a more robust and sustainable Celestia ecosystem on the horizon.
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Kyle Chassé / DD🐸
🏗️PEOPLE ARE BUILDING ON $SUI
→ +16.1% YoY dev growth (2nd fastest, Sol +17.7%)
→ +54% over 2 yrs (fastest)
$SUI is building while crypto devs are down ~20%, all EVM L1s negative
Projects that keep pushing are the real gems.
FOLLOW THE DEVS!!!
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Solana price performance in USD
The current price of Solana is $155.53. Since 00:00 UTC, Solana has increased by +2.09%. It currently has a circulating supply of 534,733,483 SOL and a maximum supply of 604,452,187 SOL, giving it a fully diluted market cap of $83.28B. At present, Solana holds the 5 position in market cap rankings. The Solana/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Solana describes itself as a third-generation network designed to solve the blockchain trilemma – the notoriously difficult feat of improving performance without compromising decentralization and security. Solana might succeed where first and second-generation blockchains have struggled by introducing innovative methodologies to optimize a blockchain network's speed while retaining a high level of decentralization.
Solana's decision to focus on finding a balance between speed, security, and decentralization stems from the need to create enabling environments for launching world-class decentralized applications (DApps). The goal is to provide a blockchain network to help DApps attain the same functionality and user experience that their centralized counterparts offer.
The Solana ecosystem has SOL as its base currency, which users can use to make payments, settle related fees, and participate in the network's staking economy. The digital asset also doubles as Solana's governance currency. In essence, SOL holders can vote on proposals that would, in turn, determine the type of changes and upgrades adopted by the Solana ecosystem.
How does Solana work
Like most blockchains, Solana relies on a consensus algorithm. Such algorithms ensure blockchains don't require intermediary entities like Visa or PayPal to execute and validate transactions. However, rather than opt for the energy-intensive and slower Proof of Work (PoW) consensus protocol like Bitcoin, Solana has adopted a more dynamic alternative that gives room for highly scalable and eco-friendly operations.
Specifically, Solana’s dynamic consensus system combines the in-house designed Proof of History (PoH) protocol and the popular Proof of Stake (PoS) model. PoH creates a historical record of events and transactions and allows the system to process transactions faster and more efficiently.
Armed with these two consensus mechanisms, Solana can reportedly process up to 50,000 transactions per second, which is why it is often called the "Visa of the crypto world." This is an exceptional feat considering that Ethereum, the most popular application-based blockchain, currently has a maximum theoretical TPS of 119. According to Solana, developments are underway to increase the current maximum transaction size possible on the network, which currently stands at 1,232 bytes. QUIC, a Google-built transaction ingestion protocol currently live on Solana's Mainnet-beta, could be the key to unlocking a larger transaction size.
Solana provides a flexible development tool kit that supports three popular programming languages: Rust, C, and C++. Solana has also highlighted community-driven efforts to allow on-chain programs to be written in other languages such as Python via Seahorse. Proponents of Solana argue that the possibility of writing smart contract codes with multiple programming languages will help developers access a more familiar and flexible development environment, unlike what we have on blockchains with native smart contract languages.
Additionally, the Solana blockchain has a block propagation protocol named Turbine that makes data distribution faster across the network. Finally, Solana uses Gulf Stream, a Mempool-less transaction forwarding protocol that enables validators to execute transactions beforehand.
Solana's high-speed and low-cost transactions make it an attractive platform for DeFi applications. It supports various DeFi projects, including decentralized exchanges (DEX), lending and borrowing platforms, and yield farming protocols. Furthermore, with its ability to handle a large number of transactions per second, Solana is a suitable platform for blockchain-based games. Developers can build interactive and scalable games on Solana that offer rewards in SOL or other tokens.
SOL price and tokenomics
Launched in March 2020, SOL initially sold for $0.22 to supporters through a public auction, successfully raising $1.76 million. The subsequent surge in Solana's value led to a significant private token sale round in June 2021, generating a substantial $314 million for Solana Labs. The funds raised in this round are earmarked for the development and promotion of a robust and expansive decentralized finance (DeFi) ecosystem on the Solana blockchain.
Over the years, the Solana team conducted five funding rounds, starting with a seed round of $3.17 million, followed by three private funding rounds that eventually culminated in a $20 million Series A. An additional $1.76 million was raised through a public auction in March 2022 with CoinList. These funding efforts have propelled Solana's growth and positioned it as a prominent player in the blockchain space.
The SOL price reached its all time high of $259.69 back in November 7, 2021. Although the Solana price fell sharply and stagnated in the years following, the latter part of 2023 saw the token gain bullish momentum. SOL prices reached above $100 for the first time in almost two years during late January 2024, and continued its uptrend to hit $195.72 on March 24, 2024. Various factors have contributed to the Solana price rise, but many commentators attribute it to the growing strength of the network. Solana surpassed rival smart contract blockchain Ethereum for decentralized exchange (DEX) volume during March 2024, reportedly due to a flurry of activity surrounding Solana-based memecoins and a superior volume to total value locked for Solana.
Key tools and technologies in the Solana ecosystem
Launched in October 2021, the Jupiter swap aggregator is considered by many to be an influential part of Solana's success. Jupiter aggregates liquidity for Solana, helping users to find the best prices with minimal volatility and slippage.
Meanwhile, Magic Eden is the largest non-fungible token (NFT) marketplace on Solana. The platform allows users to buy, sell, and mint digital collectibles, and also provides various resources to help developers build their own projects. Although Magic Eden is a major NFT marketplace on the Solana network, it also supports other chains including Polygon, Base, Ethereum, and Bitcoin Ordinals.
Another key tool in the Solana ecosystem is Pyth Network. This blockchain oracle allows smart contracts to interact with real-world price data in real-time. Data is collected from a large quantity of sources including exchanges, market makers, and financial services providers. Significantly, Pyth Network can find and publish off-chain data on-chain, powering DApps (and their users) with access to high-fidelity real-time market data.
SOL distribution
The initial supply of SOL, totaling 500,000 tokens, was distributed among various entities involved in Solana's early funding rounds. Notably, a portion was allocated to investors in the Seed round, while another share was reserved for participants in the Series A rounds. Additionally, some tokens were sold in a public sale, and a portion was distributed among the founding team members who contributed to the project's development. Furthermore, the Solana Foundation, a not-for-profit entity supporting Solana initiatives, received its share of tokens. Lastly, a community reserve fund, managed by the Solana Foundation, also received a portion of the initial supply to support the broader Solana community.
About the founders
Anatoly Yakovenko, a software engineer, first introduced Solana in 2017 when he published a whitepaper where he proposed the concept of Proof of History and how it can optimize the throughput of blockchains. Before venturing into the blockchain ecosystem, Yakovenko worked at Qualcomm and Dropbox as a software engineer.
After introducing the Solana project, Yakovenko teamed up with one of his former Qualcomm colleagues, Greg Fitzgerald, to co-found Solana Labs, the software development company responsible for building and maintaining the Proof of History-based blockchain network. Along the line, Yakovenko and Fitzgerald recruited more former Qualcomm colleagues.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 115K new posts about Solana, driven by 42K contributors, and total online engagement reached 24M social interactions. The sentiment score for Solana currently stands at 67%. Compared to all cryptocurrencies, post volume for Solana currently ranks at 188. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Solana.
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Posts
115,444
Contributors
41,543
Interactions
23,938,514
Sentiment
67%
Volume rank
#188
X
Posts
100,162
Interactions
13,795,454
Sentiment
82%
Solana FAQ
How much is 1 Solana worth today?
Currently, one Solana is worth $155.53. For answers and insight into Solana's price action, you're in the right place. Explore the latest Solana charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Solana, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Solana have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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