S O L token hit an all-time high on Friday, trading at $150 in the morning. The native token dethroned dogecoin, the meme-based cryptocurrency, as the seventh largest crypto by market value.
The S O L blockchain can be used to mint NFTs and as a result has hiked 291.77% in the past month.
Some attribute the token’s rise to the continued success of NFT sales such as Degenerate Ape Academy.
S o l a n a is the fastest blockchain in the world and the fastest growing ecosystem in crypto, with over 400 projects spanning DeFi, NFTs, Web3 and more.
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