Solana (SOL) is experiencing a significant boost in its market capitalization as the talented developers at the Solana Foundation continue to innovate, fine-tune and make the protocol more functional. Over the past 24 hours, the token has seen a 2.31% increase in its spot price, currently trading at a spot price of $20.89. This marks one of the most impressive growth rates since the first quarter of 2021, following the immense growth seen in Bitcoin (BTC).

The energy behind Solana's surge in market capitalization is mainly due to its exciting DeFi and non-fungible token (NFT) ecosystems, coupled with the strong interest from the gaming scene. Thanks to creative startups like Monkey League, the use cases and usability of SOL tokens are getting more and more attention from users. Its ATH was over a year ago, sitting at an impressive $260 level. Unfortunately, the turbulent landscape of cryptocurrency caused the token's price to decline to around 90% of its ATH point.

Even still, the Solana Foundation and the community behind it is keen on reaching these multi-month highs once more by continuing to improve usability and introducing more DApps onto its network. As the crypto market continues to grow, Solana remains a prominent figure, with its ecosystem continuing to expand beyond expectations. This steady and chiseled progress means that Solana is on the path of being one of the digital currencies to watch in 2021 and beyond.



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