Terra (LUNA) And Solana (SOL) Reaching New All-Time Highs

by in Cryptocurrency News

SOL and LUNA new highs

Native tokens of Terra and Solana blockchains reached new all-time highs.

Related: Solana (SOL) Reached a New All-Time High of Over $64

Two blockchains represent the DeFi sector and use layer 1 solution.

The price of Terra's native token Luna has gone up by around 75% over the previous 7 days. Today it hit $26.58 on CoinMarketCap. The coin ranks 16 with over a $10.6 B market cap. As for Solana's SOL token, it got ahead of UNI by market cap. Currently, the coin ranks 10 with the indicator surging above $21 B.

SOL's price has increased by around 85% in a week and is close to breaking above the $75 mark. The highest price so far has been $74.89.

The surge of these tokens shows high demand for decentralized scalable blockchains while the NFT craze continues.

At the moment the total crypto market cap stands at $1.99 trillion with 43.57% of Bitcoin's dominance.