According to AltcoinGordon, BlackRock has expanded its blockchain-based money market fund to the Solana network. This move could enhance liquidity and transaction efficiency for traders utilizing Solana's fast blockchain infrastructure. The expansion signifies a growing institutional interest in Solana, potentially impacting its market value positively.

According to Milk Road, Franklin Templeton, which manages $1.5 trillion in assets, has made its money market fund (FOBXX) available on the Solana blockchain. This strategic move represents a significant integration of traditional financial products with blockchain technology, potentially increasing liquidity and trading opportunities within the crypto market. The accessibility of FOBXX on Solana could attract more institutional investors to the crypto space, impacting Solana's trading volumes and market perception.