- SOL is simply 7.6% off its all-time excessive of $260.
- The digital asset has surged 50.05% prior to now month alone.
- The Solana ecosystem stays the most well-liked within the crypto house.
Solana retained its place as the most well-liked blockchain ecosystem in 2024, attracting 38.8% of worldwide investor curiosity, in accordance with a current CoinGecko report. Though Solana's ecosystem dominance has seen a slight decline, falling 10.5% for the reason that first quarter, it continues to outperform its opponents because of its low fuel charges, quick transaction speeds, and success viral from Pump.enjoyable, a coin platform.
This dominance has propelled SOL, Solana's native token, to new heights, buying and selling at $241.11, simply 7.62% beneath its all-time excessive of $260, reached in November 2021. SOL surged 9.74% final week, and 50.05% prior to now. month, and an unbelievable 312.01% since November 2023, outperforming each Bitcoin (BTC) and Ethereum (ETH) over the identical interval.
Solana just lately surpassed BNB to grow to be the fourth largest digital asset, with a market capitalization of $114.39 billion. Nevertheless, its buying and selling quantity fell to $8.05 billion, inflicting a slight value decline of 0.71% over the previous 24 hours.
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