Solana Company Announces the Pacific Backbone Initiative

crypthub

about 4 hours ago

Pacific Backbone Expansion

Solana Company (NASDAQ: HSDT) announced the Pacific Backbone, a low‑latency node cluster linking Seoul, Tokyo, Singapore and Hong Kong. Initial small‑node activations will boost security and efficiency, with full scaling and hardware upgrades planned for late‑2026. The network aims to serve market makers, high‑frequency traders and institutional partners needing fast execution and stable validation.

Revenue Diversification and Ecosystem Growth

Beyond staking, Solana will launch DeFi, liquid‑staking, AMMs, RPC services and execution tools for traditional finance users. The strategy seeks higher capture of staking value while holding long‑term SOL treasury exposure. By expanding product offerings, the firm expects to attract more developers, financial institutions and tech firms across Asia Pacific.

SOL Price Outlook

SOL trades around $79, down 4.9% daily and about 6.5% weekly, with a market cap near $44.9 billion. Technical analysis shows a megaphone pattern; breaking below $80 could test $60 support, while holding may target $130‑$160 and a decisive breakout at $200.