Solana has signed a Memorandum of Understanding (MoU) with Kazakhstan to create the first SOL-based economic zone in Central Asia. This event will strengthen Solana's position in one of the fastest-growing cryptocurrency markets, accounting for nearly 20% of global trading volume.
Launch of the First SOL Economic Zone in Kazakhstan
The signed MoU opens new opportunities for Solana, enabling it to attract investors and expand its presence in regions significant for the crypto industry. Kazakhstan becomes the first country to declare its support for SOL in the establishment of a dedicated economic zone.
Solana's Network Metrics
According to data from Artemis, Solana maintains leading positions in daily active addresses and transaction volume. The network averages over 1 million daily active users, significantly outpacing competitors like Ethereum, Avalanche, and Polygon. Solana also logs 100-120 million daily transactions, demonstrating stability and a high level of activity from both developers and users.
Solana Price Analysis
At the time of press, Solana is trading at $134.49, down 0.67%. However, rising trading volumes indicate growing buyer interest. The RSI shows a potential trend reversal, bouncing from an oversold level of 33.01 to 40.73. Key support remains at $129, while the next crucial barrier will be the 20-day SMA at $137.46.
The agreement with Kazakhstan could be a significant step for Solana, boosting its growth in the cryptocurrency market. With the current network metrics and consistently high user interest, SOL may anticipate a short-term rally if it can maintain this momentum.
