Solana (SOL), an alternative layer-1 blockchain and Ethereum challenger, has experienced a remarkable surge, with its price reaching $46.30 and gaining over 21% at one point in the past day.
Solana (SOL), an alternative layer-1 blockchain and Ethereum challenger, has experienced a remarkable surge, with its price reaching $46.30 and gaining over 21% at one point in the past day.
Over the course of a week, SOL has risen by nearly 28.25%, positioning itself as the seventh-largest digital asset by market capitalization. Solana has gained over 330% since reaching a low of $9.65 last December.
This outstanding performance comes amidst a surge in interest in the open-source blockchain, which is utilized for decentralized apps (dApps) such as DeFi lending protocols and games. While other major cryptocurrencies have experienced moderate gains, Solana's explosive gain caught investors' interest.
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