Public blockchain platform Solana just broke its previous all-time high from September. The new record comes amidst a rising crypto market wherein SOL has been particularly profitable.
Last week, Solana virtually painted a recent all-time high but got here a few dollars brief before retracing again. This occurred very shortly after Bitcoin had marked a new all-time high.
Right this moment, we noticed one thing related. As Bitcoin rests and consolidates following last week’s rally, Solana has now crept to its own record price. As of the time of this writing, SOL is trading above $218 on Binance – proper above the previous all-time high set on September 9th.
It’s not just price either. Recently, the total value locked on Solana’s platform additionally broke its September high. At present, it holds over $13.5 billion in TVL.
SOL had the most pronounced price surge amongst all relevant last week, growing by over 35%. Ethereum, by contrast, increased by a powerful but still inferior 8%.