Solana (SOL) has reached a fresh all-time high of $264, surpassing its previous peak of $259 within the past 24 hours, according to CryptoSlate data.
This performance highlights Solana’s impressive momentum, especially when compared to Bitcoin. Since Donald *****’s election win on November 5, Bitcoin has risen by 47%, while SOL’s price has surged over 50% in the same timeframe.
Market observers noted that the rally coincided with the extraordinary on-chain activity that stems from the current memecoin frenzy within the ecosystem. Data from DeFillama reveals that Solana’s network has processed $100 billion in decentralized exchange trading volume, setting a new benchmark. The platform also averages over $5 billion in daily trading volume this month.
Solana’s dominance becomes even clearer when looking at transaction numbers. Blockchain analysis platform Artemis data shows that while most layer-1 blockchains handle fewer than 5 million transactions daily, Solana processes a staggering 53 million. This immense activity underlines the growing adoption and demand for its robust infrastructure.
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