At the beginning of the week, Solana’s (SOL) price slightly declined but stayed close to $144 following a 9% rise over the previous week.
Several announcements are contributing to the positive sentiment surrounding SOL, including Coinbase’s upcoming wrapped Bitcoin on Solana, the launch of the USDS stablecoin by Sky (formerly MakerDAO), and Travala’s decision to integrate Solana for booking services. Many enthusiasts believe these moves could support SOL’s bullish trajectory in the near future.
Travala, a crypto-based travel platform, recently announced its integration with Solana, enabling users to book flights and accommodations using Solana’s assets.
This was revealed at the Breakpoint event, where another major announcement came from Coinbase regarding cbBTC. Coinbase will launch cbBTC, a wrapped version of Bitcoin, on Solana.
This token, built on Ethereum’s blockchain, allows Bitcoin to be used in Ethereum’s decentralized financial applications without needing to sell the original BTC. Released on September 12, cbBTC operates on both Ethereum and Base and is now set to expand to Solana, increasing liquidity and trading options for Bitcoin, which could also attract new users to the DeFi space.
Sky’s USDS stablecoin has also been introduced on Solana via the Wormhole bridge, offering quick execution and low fees. Users can move their USDS from Ethereum through supported portals and deposit it into Sky’s treasuries, using a mechanism familiar to Maker’s protocol.
Canary Capital has revised its application for a spot Solana ETF, signaling a more ambitious strategy by integrating staking features into the product.
A new liquid staking token, Haedal Protocol (HAEDAL), is making its way to Binance’s spot market this week, accompanied by an airdrop targeting loyal BNB holders.
XRP’s market performance has taken a hit, shedding over $16 billion in value over the past week as regulatory indecision continues to cloud its outlook.
Momentum is building across the digital asset space as Bitcoin edges closer to its previous peak near $109,000, igniting renewed speculation about whether a broader altcoin surge is about to follow.