$SOL rises 9% as Paxos expands to Solana blockchain

Gate.io News: The price of $SOL, the utility token of Solana, has increased by 9% in the last 24 hours. This is coming after the blockchain infrastructure company, Paxos, announces its expansion into the Solana ecosystem, issuing their USDP stablecoin to the Solana blockchain.

$SOL currently trades around $107.85 (SOL/USDT), with a market capitalization of $46.26B, and a 24-hour trading volume of $45.39M according to Gate.io trading chart.