Crypto Markets Today: SOL Futures Are More Popular Than Ever, U.S. Inflation Report Looms
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Open interest in SOL futures hit a record high alongside a rally in the token's price to a level not seen since February even as Solana application revenue dropped.
The initiative marks a strategic pivot: after years spent scaling throughput and lowering costs, the protocol team is now zeroing in on interoperability as the key to user experience.
The meme token slides from $0.22 to $0.21 in the August 28–29 window, with $200 million in exchange inflows adding pressure amid broader market caution.
Negative price action around the annual U.S.-based Bitcoin Conference has been well-documented, but it also appears to have applied to this week's Bitcoin Asia get-together.
[Atlanta Fed Raises U.S. Q3 GDP Growth Forecast to 3.5%]
The Atlanta Fed's GDPNow model has raised the U.S. third-quarter GDP growth forecast from 2.2% to 3.5%.
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