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Solana News Update: Fidelity Supports Solana’s Rapid Expansion Despite Ongoing Stability Issues

Solana News Update: Fidelity Supports Solana’s Rapid Expansion Despite Ongoing Stability Issues

Bitget-RWA2025/10/24 11:30
By:Bitget-RWA

- Fidelity expands crypto offerings by adding Solana (SOL) to its platforms, enabling U.S. investors to trade the high-speed blockchain asset. - Solana's 60,000 TPS and low fees position it as a DeFi and RWA hub, with recent Hong Kong ETF approval and institutional staking partnerships boosting adoption. - Despite network outages and hardware challenges, Solana gains traction as the third crypto ETF-approved asset in Asia, with JPMorgan forecasting $1.5B in U.S. inflows. - Analysts remain divided on SOL's

Fidelity Investments has broadened its digital asset lineup by adding

(SOL), enabling U.S. clients to trade this rapidly expanding blockchain token via its crypto trading services, as outlined in . This expansion, which covers Fidelity Crypto, Fidelity Crypto for IRAs, and Fidelity Digital Assets, highlights the ongoing convergence of digital currencies and conventional finance. Nick Ducoff, who leads institutional growth at the Solana Foundation, confirmed the launch on X, noting that Solana processes about 60,000 transactions per minute—significantly faster than Bitcoin’s 250 and Ethereum’s 800—with transaction fees often just a fraction of a cent, according to Yahoo.

Adding Solana fits into Fidelity’s larger plan to meet both institutional and retail demand for advanced blockchain solutions. Solana’s efficient, low-cost network has attracted a wide range of decentralized finance (DeFi) applications, tokenized assets, and real-world asset (RWA) trading, as mentioned in

. Recent milestones, such as the debut of and increased institutional staking collaborations, have further cemented Solana’s role in the digital asset sector, with industry reports spotlighting moves by major players like Solana Company .

Solana News Update: Fidelity Supports Solana’s Rapid Expansion Despite Ongoing Stability Issues image 0

Yet, Solana’s swift rise has brought its own set of obstacles. The blockchain has experienced occasional disruptions, including a five-hour outage in February 2024 and network congestion during a memecoin surge in March 2025, according to Yahoo. Some skeptics question whether Solana can deliver consistent uptime during periods of high activity, though supporters believe these setbacks have led to greater network resilience. Solana Mobile, the blockchain’s hardware division, recently discontinued software updates for its Saga smartphone after two years, shifting focus to its upcoming device, the Seeker, as detailed in

.

Despite these issues, Solana’s momentum in the market remains strong. In October 2025, Hong Kong’s Securities and Futures Commission approved the region’s first Solana ETF, allowing trading in HKD, RMB, and USD, as reported by Yahoo. This regulatory step, following similar actions in Canada, made Solana the third cryptocurrency—after

and Ethereum—to receive ETF approval in the area, as covered in the . In the U.S., regulatory approval for Solana ETFs is still pending due to staffing shortages from a government shutdown, according to . Nevertheless, analysts remain hopeful, with JPMorgan estimating that U.S. Solana ETFs could attract $1.5 billion in inflows during their first year once approved.

Institutional interest is also on the rise. Solana Company (NASDAQ: HSDT) has recently enhanced its digital asset treasury by collaborating with validators such as Helius and Twinstake to stake

and earn on-chain rewards, as previously reported by Stocktitan. Holding 2.2 million SOL, the company reaffirmed its dedication to Solana’s long-term growth and network safety in . Similarly, ventures backed by Cathie Wood have announced major Solana treasury initiatives, including a $2 billion commitment from VisionSys AI.

Forecasts for SOL’s price are varied. While blockchain data shows a drop in active addresses and futures open interest, analysts such as AltcoinGordon point to bullish chart patterns, suggesting possible gains to $320–$500, as discussed in BeinCrypto. Fidelity’s involvement, along with institutional staking and ETF launches, could provide the liquidity and stability needed for wider adoption.

Solana’s integration into established financial systems signals a broader movement toward blockchain-based assets. As Fidelity and other major players increase their exposure to Solana, the blockchain’s ability to deliver speed, cost-effectiveness, and reliability will be crucial for its future prospects.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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