๐The price of $SOL has surpassed $240 for the first time since late 2021, with less than 10% left to reach its record high of $260. Its current market cap stands at $114.2 billion, securing 4th place among the top crypto assets (after BTC, ETH, and USDT).
Network activity is also booming:
โช๏ธThe total value locked (TVL) on the Solana-based DEX Raydium has surged alongside the meme coin trading frenzy. ๐ฅ Raydium generates up to $10 million in daily fees, surpassing the entire Ethereum network. Daily trading volume on Raydium exceeds $4 billion. ๐ต
โช๏ธSolanaโs share of the total crypto market cap has hit a record 3.79% (compared to under 2.8% at the market peak in 2021 and less than 1% at the start of 2024). ๐ฐ
