Solana Drops 2.084% Despite Launching Blockchain Monitoring Tool

Solana's latest price was $143.86, down 2.084% in the last 24 hours. The cryptocurrency has recently launched Solana Status, a dedicated platform for monitoring the real-time health of its blockchain. This tool provides users with updates on outages, scheduled maintenance, and performance metrics, reinforcing the coin’s push toward transparency and reliability. The Solana network monitoring page offers granular insight into Mainnet Beta RPC Nodes’ uptime and availability, displaying an impressive record of 100% uptime from February to April 2025. Users can subscribe to real-time updates through email, SMS, or Slack, making incident communication more efficient. This platform demonstrates a wider industry modification of decentralized application construction and upkeep practices, providing significant upgrades through improved debugging functions and performance optimization. The increased visibility into compute and state usage helps users prevent unexpected audit findings while meeting the requirements of changing standards. By launching this monitoring platform, the Solana blockchain takes a firm step toward building greater trust in its ecosystem. In a time when downtime or bugs can erode community confidence, Solana Status serves as a centralized, verified source of truth. As usage of the blockchain grows with more dApps and DeFi tools, a clear communications channel is critical. SOL’s commitment to proactive incident reporting signals maturity and puts user experience first. The debut of Solana Status gives users a powerful tool to track performance and resolve concerns. By making uptime and incidents public, SOL aligns with industry best practices and boosts its image as a dependable blockchain.

Solana is poised for growth due to strong technical indicators and ecosystem support. A popular chart analyst shared the monthly $SOL chart, which is forming a bullish cup and handle pattern. The ‘cup’ started forming around November 2022, with the handle coming into existence during the tariff-induced panic sell-off. This pattern has taken a long time to form – almost 2.5 years, making it a stronger bullish indication. It’s also worth noting that $SOL has risen around 38% since the second week of April, showing good upward momentum. There has also been an increasing push towards stock tokenization on the Solana blockchain. The Solana Policy Institute has submitted a proposal called ‘Project Open’ to the SEC, which seeks approval to issue tradable tokens for stocks. Larry Fink, BlackRock CEO, has backed the idea of stock tokenization and believes it can revolutionize the financial markets. This would make transactions faster, and billions that are often stuck in settlement delays can be pumped back into the markets almost instantly, generating more wealth over time. Every stock, every bond, every fund—every asset—can be tokenized. If they are, it will revolutionize investing. More good news: a Solana exchange-traded fund also looks like a certainty in the near future. Furthermore, the Solana stablecoin supply is also at an all-time high. It reached $11.7B in February 2025 and further shot up to $13B by May. Note that it was just $5B last year. A hike in supply like this should open up new possibilities in the Web3 and DeFi space. All in all, if you want to ride Solana’s growth, this is the best time to invest. The cryptos mentioned in this guide, especially Solaxy, offer the highest potential for returns.