Solana (SOL) has recently touched a new yearly high, following a remarkable 13% daily surge. The blockchain network has demonstrated a commendable 30-day return profile, with over a 170% gain.
As reported on Thursday, Solana peaked in 2023 on November 10, it remains approximately four times below its all-time high of $259.96.
The Solana network’s impressive growth surpasses that of other major cryptocurrencies, credited to increased user activity and the success of decentralized applications (dApps) such as Jito. At press time, SOL was trading at $65.40, marking a 13.6% daily rise.
The surge in Solana’s price is attributed to its growing user base, boosted by the success of Jito, a top-performing dApp on the SOL blockchain. The platform has played a key role in attracting users, contributing to SOL’s daily active users hitting a 2023 high of 200,000.
Investors and users are closely monitoring Solana’s continued growth and development, with its recent surge to a new yearly high evidencing its growing influence in the crypto space.
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