CandleFocus Solana hit a new milestone: reached all-time high $260
2024-11-22
Author: Content Editor
Solana (SOL) has reached a new all-time high of $260, driven by filings for Solana-related products. Several companies, including Bitwise, VanEck, 21Shares, and Canary Capital, have proposed a Solana spot exchange-traded fund (ETF) to the SEC. The surge in SOL's price has led to a 383% increase in the past year, making it the third-ranked cryptocurrency by market capitalization. The token market capitalization has reached $124 billion, with trading volume increasing to $11.3 billion. Solana's total value locked (TVL) has also grown significantly to $8.74 billion, and the top DeFi ranks under the blockchain have seen gains. The Solana ETF may appear in the market next year, and despite uncertainties, the industry is optimistic about approval given recent political changes.
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