Recently, Solana (SOL)'s ecosystem has welcomed a wave of institutional adoption, driving its price to rise by 12% within 24 hours, briefly touching the psychological barrier of 200 dollars.

There are several key factors behind this rise. First, DeFi Development Corp (DDC), as an industry leader, currently holds over 1.3 million SOL, with a total value of nearly $250 million. Through staking, DDC can earn approximately $63,000 in rewards daily, with an annualized yield of up to 10%. This highlights the advantages of Solana as a proof-of-stake network compared to non-yield assets like Bitcoin. Notably, DDC increased its reserves by 4,500 SOL just in August, with part of the funding coming from $122.5 million in convertible bond financing managed by Cantor Fitzgerald.

Secondly, one of Asia's largest asset management companies, Zhiyin International, announced the tokenization of its Hong Kong-Singapore mutual recognition fund on the Solana network, a move realized through the DigiFT and OnChain platforms. This not only expands the application of Solana in the traditional financial sector but also attracts more institutional investors' attention.

Finally, the market generally expects that the Solana ETF may receive regulatory approval within the next two months, a prospect that further boosts investor confidence. With the increase in institutional participation and the potential launch of the ETF, the Solana ecosystem is ushering in a new round of development opportunities.

However, investors should remain cautious and closely monitor market changes and regulatory trends in order to make informed investment decisions.