cryptofamily

Solana Price Less Than 10% to All-Time High

The Solana token rate exceeded $240 for the first time since the end of 2021 with a capitalization of $114.2 billion. The record price for SOL was recorded at $260.

Since the beginning of November, the SOL price has grown more than one and a half times, the token has consolidated in 4th place among the largest crypto assets, second only to BTC, ETH and USDT.

The volume of user funds (TVL) on the largest DEX platform of the Solana network — Raydium — has grown proportionally. Due to the activity of users in trading memcoins, Raydium generates up to $10 million per day in fees — more than the entire Ethereum network. The daily trading volume on Raydium exceeds $4 billion.

Solana's share in the total capitalization of the crypto market reached a record 3.79%.  At the market peak in 2021, the token's market share was less than 2.8%, and at the beginning of 2024, less than 1%.

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