Solana (SOL) has had a tremendous year, with its price increasing by over 500%. The peak of this success can be seen in the record-breaking daily transaction volume that has exceeded 51 million and skyrocketed past competitors such as Ethereum (ETH), Polygon (MATIC), Aptos (APT), and Near Protocol (NEAR). This has driven the SOL's trading volume to $1.21 billion and ranks it 5th largest based on trading volume. The surge of SOL began after it overcame the bankruptcy of the FTX cryptocurrency exchange in November of last year. This was followed by a series of settlements, which allowed the altcoin to return to its pre-FTX price level earlier this month.



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