Solana Keeps Surging: The New High is Above $48

by in Cryptocurrency News

Solana SOL surge

In the previous 7 days, the price of Solana's native token SOL has grown by over 47% reaching a new all-time high of $48.43. The token ranks the 13th by market cap, which stands at about $12.3 B.

Related: Solana Reaches New All-Time High of $37

The surge occurred at a time when most of the cryptocurrencies were seeing declines. This can be explained by the network's growing ecosystem. The number of projects integrating Solana's solutions has been rising. It also offers more functions for DeFi and NFT industries.

Solana blockchain and its native token SOL were launched in March 2020. One of the recent projects of the platform is Star Atlas, which will go public in the near future. It is an innovative gaming network enabling to connect with players worldwide.

Another major event was the addition of Solana's first Initial Dex Offering (IDO) Solstarter. In March, Solana attracted $40 M in strategic investments from OKEx, MXC exchanges.