What happened?
Solana’s price increased by 3% within the last 24 hours, outperforming other top five cryptocurrencies. This surge follows the launch of the Solana Attestation Service (SAS), a major tool for identity verification across the Solana ecosystem. The SAS is developed with the Solana Identity Group and aims to enhance on-chain compliance and user verification.
Who does this affect?
The Solana Attestation Service affects developers, users, and platforms within the Solana ecosystem. Users can now create secure credentials to meet KYC and KYB requirements in Solana-based applications. Additionally, it benefits platforms like Jupiter, Raydium, and Pump.fun, and enables developers to build globally scalable, compliant tokenized real-world asset platforms.
Why does this matter?
The launch of the SAS could significantly impact the market by driving further growth in Solana’s DeFi ecosystem and boosting SOL’s price prediction. Analysts see potential for SOL prices to rise to $270 and possibly $300, fueled by a ‘golden cross’ buy signal on its daily chart. This renewed strength might also benefit top-performing presales like Solaxy and enhance the ecosystem’s market presence.