- SOL is just 7.6% off its all-time excessive of $260.
- The digital asset is up 50.05% within the final month alone.
- The Solana ecosystem stays the most well-liked within the crypto area.
Solana maintained its place as the most well-liked blockchain ecosystem in 2024, commanding 38.8% of worldwide investor curiosity, in accordance with a current CoinGecko report. Whereas Solana's ecosystem dominance has confronted a slight decline, down 10.5% since Q1, it continues to outperform opponents with its low gasoline charges, excessive transaction pace, and the viral success of Pump.enjoyable, a meme coin platform.
This dominance has pushed SOL, Solan's native token, to new highs, buying and selling at $241.11 – simply 7.62% under its all-time excessive of $260, reached in November 2021. SOL is up 9.74% over the previous week, versus final 12 months by 50.05%. month and a staggering 312.01% since November 2023, outperforming each Bitcoin (BTC) and Ethereum (ETH) throughout the identical interval.
Solana just lately surpassed BNB to change into the fourth largest digital asset with a market cap of $114.39 billion. Nevertheless, its buying and selling quantity fell to $8.05 billion, inflicting a slight worth drop of 0.71% within the final 24 hours.
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