Solana's SOL token has seen a significant surge, climbing 35% from Oct. 5 to Oct. 11, hitting $222, its highest since December 2021. This rise sparks speculation about reaching its all-time high of $260, especially with Bitcoin's recent boost past $84,500. SOL's growth outpaces the broader altcoin market, partly due to increased smart contract activity, with Solana's total value locked (TVL) hitting $7.6 billion. Despite concerns over memecoin reliance, Solana's decentralized exchange volumes and NFT activity show robust network engagement, hinting at potential further gains for SOL.