08-02 10:23 Saturday
SOL +122.92% in 24 Hours Amid Network Upgrades and Market Volatility
Solana (SOL) surged 12% to $92 in the past 24 hours amid network upgrades and broader market volatility. The Layer 1 blockchain recently implemented key performance enhancements, including faster transaction processing and improved validator efficiency. Meanwhile, Bitcoin's price swings between $42,000 and $43,000 have contributed to altcoin market fluctuations. Analysts note Solana's resilience despite recent network congestion issues, with trading volumes doubling on major exchanges. The SOL rally coincides with growing developer activity, including over 2,500 monthly active projects building on the network. Market observers suggest institutional interest may be increasing as SOL-based investment products see record inflows.
BTC
-0.82%
SOL
-0.78%
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