Solana Labs has launched an iPhone beta of its Leap app, enabling swaps of cryptocurrencies and tokenized assets on the blockchain. Available through TestFlight, the app supports instruments including tokenized stocks, ETFs, and metals, but remains unavailable to U.S. users and in certain restricted regions. Despite the launch, SOL fell by roughly 6% to 7% over twenty-four hours, trading between $89 and $90 as of November 6. The market is still awaiting the implementation of fee-funded SOL purchases and burns planned by Leap, whose effect on demand and price has yet to be measured. App adoption and any potential easing of regional restrictions will also be key to its long-term impact on the Solana ecosystem.
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