Solana price has forayed above $40.80, levels last tested in August 2022, three months before FTX imploded. The surge comes with rising open interest, up $46 million since October 30. It comes amid the ongoing Solana Breakpoint conference, with discussions of bringing off-chain assets on-chain via SOL network. It comes on the back of the ongoing Solana Breakpoint conference in Amsterdam, Netherlands, provoking or exciting the hands of perpetual traders.
Among the key themes that have stood out are plans to “bring off-chain assets on-chain with Solana.” Specifically, the founders across the Solana ecosystem discussed on-chain capital markets for real world assets such as whiskey, real estate, credit and more. The future of payments is on-chain, according to the event organizers, and Solana is looking to show the world how it is done, providing the different ecosystems in attendance with an avenue and stage to showcase their innovations.
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