Solana surges 10.03% after-hours as Kalshi launches tokenized event contracts on Solana blockchain.

Solana surged 10.03% in after-hours trading, driven by institutional adoption and ecosystem expansion. Key catalysts included Kalshi’s launch of tokenized event contracts on Solana, enhancing its utility in prediction markets, and growing institutional interest, exemplified by Vanguard’s crypto product inclusion and Cantor Fitzgerald’s stake in a Solana ETF. These developments reinforced Solana’s appeal as a high-throughput blockchain for real-world applications, while broader crypto market sentiment improved amid expectations of Fed rate cuts and reduced volatility. The rally followed a period of sell-offs, with Solana’s network efficiency and strategic partnerships positioning it as a key player in institutional-grade blockchain solutions.