CoinVoice has recently learned that according to CoinDesk, market observers said that increased trading activity and expectations for the development of the Solana ETF may be the reasons for Solana's recent outstanding performance.
The SOL token has gained more than 18% in the past week, outperforming Bitcoin (BTC) and Ethereum (ETH), and was trading over $180 early Monday, a three-month high.
Pat Doyle, blockchain researcher at Amberdata, shared: “The Solana ecosystem is seeing strong growth, as evidenced by increased DEX activity, increased daily active users, and increased network fee accumulation. These strong fundamentals, coupled with positive market sentiment, are driving SOL forward.” [Original link]
