Solana surges 10.16% intraday as Kalshi launches tokenized prediction markets on chain, boosting institutional exposure.

Solana surged 10.16% intraday as institutional adoption and new partnerships drove optimism. The launch of Kalshi’s tokenized prediction markets on Solana, combined with Cantor Fitzgerald’s first stake in a Solana ETF and Vanguard’s approval of Solana-exposure funds, highlighted growing institutional interest. These developments countered broader crypto market weakness, as Solana’s ecosystem solidified its appeal for real-time applications and institutional capital flows.