Overview

• Canada introduced North America's first spot Solana ETFs on April 16, featuring staking functionality for yield generation, issued by firms like 3iQ, Purpose, Evolve, and CI.
• Solana's price climbed to its highest level in April, trading at nearly $136, marking a 6% daily increase and outpacing gains by Bitcoin and Ethereum.
• Coinbase implemented major infrastructure upgrades, including asynchronous transaction processing and enhanced hardware, improving Solana's transaction speed and reliability.
• Solana regained its position as the leading blockchain for decentralized exchange (DEX) activity, surpassing Ethereum with a 16% weekly gain.
• Ark Invest, led by Cathie Wood, acquired 500,000 shares of the 3iQ Solana Staking ETF, signaling growing institutional interest in Solana-based products.