Solana’s (SOL) making waves in the crypto world, pushing through the tough times to show a strong comeback. The SOL price soared, hitting its highest mark at $60, the best it’s been since May 2022.
Solana has been on fire, as it shot up by 178% in the last month, and has seen an incredible 500% surge throughout this year. To put that into perspective, it’s outpaced the largest crypto like Bitcoin (BTC) and Ethereum (ETH).
This sudden surge is thanks to new holders joining the Solana community, injecting more cash. Also, there are many traditional companies showing an interest in Solana’s tech.
Furthermore, the decentralized exchanges on Solana have been bustling, raking in over $2 billion in trade just in the first 12 days of the month.
These DeFi exchanges are on track to smash some records. Plus, the total value of assets chilling on the network is sitting pretty at over $500 million.
The good times are reflected in Grayscale’s Solana Trust shares. They’re trading with an incredible 800% premium.
Secondary SOL shares were changing hands for a whopping $202 on November 10, a massive leap from the $20 of the primary sales.
Ava Patel's expertise lies in creating engaging and informative content about the latest trends and opportunities in the crypto space. Her writing is known for its clarity, accuracy, and ability to convey complex concepts in a way that is accessible to both novice and advanced readers.
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