Franklin Templeton expands its distinctive box to Solana, where the Sol 200 % application revenue rises
Franklin Templeton foot The American Onkin Market Fund (Fobxx) on Solana yesterday, February 12.
The distinctive box was previously available on the ETHEREUM, Avalanche, Aptos and Coinbase base.
The last step came a day after the investment company foot For the Solana Exchange traded in Dilayer.
Solana attracts institutional players after her impressive performance in the past few months.
The Messary report showed that Solana’s requests occupied Solana’s revenues of $ 840 million in the second quarter of 2024 – a noticeable increase of 213 %.
Franklin Templeton inhales Solana to expand his special box
Solana confirmed that the investment company trillion dollars launched the Fobxx Fund on its ecosystem.
Breaking news: Fobxx (Fobxx) (FOBXX) (FOBXX) (FOBXX) (FOBXX) (FOBXX) (FOBXX) (FOBXX) (FOBXX) (FOBXX) (FOBXX) (FOBXX) (FOBXX) on Solana! This funding develops in the actual time 🧵
The distinctive symbol includes the transfer of traditional assets to digital financial platforms to ensure effective and rapid transactions.
The developments on this topic witnessed an increase in interest from market and institutions lovers.
Meanwhile, Franklin Timbalon has recently explored Solana Blockchain.
Fobxx’s launch on Solana came a day after the company joined the Sol Spot ETF race.
This step usually transmits deposits with the United States again.
Thus, the asset manager may register for the Sol Excination Traded Fund with SEC soon.
Meanwhile, Solana was attractive to launch new products, especially on Dexs.
The Pantera Capital report shows that more than 90 % of the new digital assets in decentralized networks issued by Solana-a noticeable increase of 1 % in December 2024.
Even the Donald Trump family launched Mimi Trump and Melania’s assets on the Sol network, which was enlarged with the immediate approval of Solana Etf this year.
It is worth noting that Solana closed last year with tremendous performance.
Reports indicate that the Solana application revenue increased by 213 % to 840 million dollars in the fourth quarter of 2024.
Sol App Resulate jumps 200 % in the fourth quarter of 2024
Research company published Solana Q4 2024 report Last week. It revealed the success of Blockchain in different sectors.
It is worth noting that Solana applications have witnessed an increase of 213 % in the total revenue, which reflects a huge increase in QOQ of $ 268 million.
November 2024 recorded most of the profits, as the application revenues amounted to 367 million dollars.
In addition to the application revenues, Solana Overachied in the liquid delivery rate, the total closed value, and the size of DeX.
The latest report from OKX Solana showed Ethereum in the volume of decentralized exchange in 2024.
Solana’s speed and control and security resistance was decisive to adopt the prevailing project.
Meanwhile, the latest developments reveal Solana’s attractiveness to institutional players.
The approval of the Sol Sol ETF will enhance the prevailing acceptance of Altcoin, and translate into impressive prices.
Polymarket shows an 83 % chance of SEC in the United States that allows the Solana Transped Trochred in 2024.
Solana has been trading at $ 197 after obtaining 1.56 % in the past 24 hours. GSR, the market maker, believes that the investment funds circulated in the period can send Sol prices after $ 1,000.
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