Institutional adoption catalysts including tokenized bond fund partnerships and network upgrades are supporting SOL's fundamental bullish narrative.
Too little corroboration in the last 3 days to call a trend (2 articles). Watching for it to gain traction.
"The derivatives-driven rally received additional support from Shinhan Asset Management's announced partnership with the Solana Foundation. Network activity also supported the bullish narrative after Solana reportedly processed 1.2 billion non-vote transactions in one week. A recent increase in the compute limit per block gave applications more capacity, while the planned Alpenglow upgrade aims to reduce finality times."
"Shinhan is deploying its product within an ecosystem where BlackRock's architecture has already proven effective in practice. The BlackRock USD Institutional Digital Liquidity Fund operates on Solana with $695 million in assets, making it the network's undisputed leader. Other major players rely on the same proven blockchain infrastructure blueprint, including the Janus Henderson AAA CLO Fund with $201.7 million, Ondo U.S. Dollar Yield with $179.3 million and the State Street Galaxy OnChain Liquidity Sweep Fund with $161 million."