Solana News: Japan’s SBI Taps SOL to Improve Onchain Finance as Network Activity Skyrockets

Key Insights:

• SBI Holdings, the Solana Foundation, and SMFG have partnered to expand onchain finance in Japan.
• Solana is adding an average of 8.4 million new addresses each week, showing strong network activity.
• Some traders believe SOL could follow a long-term growth path similar to Ethereum’s, though forecasts remain.

Solana news took a new turn after SBI Holdings joined hands with the Solana Foundation to support onchain finance in Japan. The move comes as the network keeps adding millions of new addresses every week, while some traders believe the SOL price could follow a path similar to Ethereum’s.

Solana News: SBI Holdings Makes Push for Onchain Finance

Solana news is back in the spotlight after Japanese financial company SBI Holdings announced a new partnership with the Solana Foundation. The agreement is aimed at building more financial services on blockchain in Japan. As part of the plan, the Solana Foundation will join SBI R3 Japan, which will now operate under the name SBI Solana Global.

Sumitomo Mitsui Financial Group, one of Japan’s three biggest banking groups, is also part of the project. The companies said they want to bring more financial products onto blockchain networks. Their work will focus on Japanese yen stablecoins, tokenized real-world assets, cross-border payments, and services built for financial institutions.

The tokenized assets mentioned in the announcement include government and corporate bonds, investment funds, and real estate. Besides boosting the SOL price, the goal is to make these assets easier to issue, transfer, and manage through blockchain technology.

SBI Holdings said the project is meant to connect Japan’s regulated financial market with blockchain-based liquidity around the world. It also hopes the effort will help make Japan a leading centre for onchain finance in Asia.

The Solana news is another sign that large financial companies are paying more attention to blockchain technology. Instead of looking only at digital currencies, many firms are now exploring how blockchain can support payments, financial products, and asset management. For Solana, the partnership brings another well-known financial name into its growing list of institutional supporters.

Solana News Follows Rise In Network Addresses

Fresh network data also shows that activity on Solana remains strong. Crypto analyst Ali Charts said the network is adding an average of 8.4 million new addresses every week. That number points to continued growth as more wallets are created across the network.

New addresses do not always mean every wallet belongs to a different user. Even so, the steady rise shows that the blockchain continues to record strong activity. The latest figures come at a time when Solana is being used across different parts of the crypto market, including payments, decentralized finance, and tokenized assets.

The deal with SBI Holdings may also bring more attention to the network if financial companies begin using Solana for regulated blockchain services. Growth in network activity does not decide where the SOL price will move next, but many traders still watch these numbers when judging the health of a blockchain.

Traders Compare Solana With Ethereum

The Solana news partnership has also brought fresh discussion about Solana’s future. A market commentator known as Legend Japan believes SOL price could drop to $57 before making a much bigger move. According to the forecast shared by Exitpump on X, the coin could reach $400 by 2028.

The post also claimed the trader had made successful calls on Ethereum, gold, Zcash, and the TRUMP token in earlier market cycles. It added that the account is followed on X by former Binance chief Changpeng Zhao.

The prediction is only a personal opinion, and there is no guarantee that it will happen. Crypto prices often move in unexpected ways, and forecasts can easily miss the mark. Even so, many traders continue to compare Solana with Ethereum because both networks are widely used for blockchain applications.

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