Solana (SOL) reached $43.64 on Sunday, a new all-time high followed by outstanding success in its protocol development and the integration of new DeFi projects.
A 4000% Growth in Just Four Months
SOL has outperformed various tokens in the market, going from $1 USD in December 2020 to $43.64 USD on Sunday. This is a 4000% growth in just nearly four months. Another boost for SOL came after getting listed on Binance on April 10, spiking 300% after the announcement.
Its new price record comes after the integration of successful projects, including Solstarter, which is the first Initial Dex Offering powered by Solana, and Chainlink which is now its decentralised oracle solution.
NFTs Coming to Solana
Solana is experiencing tremendous growth as more projects decide to build on its blockchain. Its fast throughput and its hybrid model of Proof-of-history and Proof-of-Stake have called the attention of many investors and DeFi protocols.
Solana also plans to work with upcoming projects such as Star Atlas, a next-gen virtual metaverse that will bring Non-Fungible Tokens (NFTs) to the protocol.
Solana is currently the thirteenth currency per market cap, according to CoinMarketCap, with a $12 billion USD market cap. Solana is now becoming one of the hottest tokens in the DeFi space: will it overtake BSC (Binance Smart Chain) in the upcoming months?
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