Having increased by around 63% in a week, the price of Solana (SOL) reached a new all-time high of $150 on CoinMarketCap.
Related: Crypto trading volume in the spot market exceeded $1T in August
A few days ago, SOL got ahead of Dogecoin in terms of market cap. Now it's the 7th largest cryptocurrency with over $42.3 billion total value of mined coins.Solana ecosystem has been growing with an increasing number of NFTs as well as other DeFi projects being built on top of the blockchain.
Recently decentralized app of music streaming and sharing, Audius announced that users could display their Solana NFTs. On August 27, Solana posted about an event "ignition" on Twitter and disclosed later that it's about a hackathon. The forum will last from August 31 to October 8. It's focused on DeFi, Web 3, gaming, and NFTs.Among the hackathon's judges are FTX CEO Sam Bankman Fried, founder of Circle Jeremy Allaire, strategist at Microsoft Joe McCann, and others. There is $5 M in prizes for the winners.