Solana's cryptocurrency $SOL has experienced significant price surges, breaking key milestones including $123, $124, $130, and reclaiming $135. The market value surged to new yearly highs, gaining 13.7% in 24 hours to reach $123.80 amidst a broader cryptocurrency market rally. $SOL hit $133, marking a 13.3% increase in 24 hours, with daily DEX volume breaking a record at $1.689 billion. The cryptocurrency, which was trading at $19 in October, has now reached $132, showing a remarkable increase. Solana surged 34.5% in a week to a 23-month high, fueled by DApp volumes and stablecoin issuance reaching $2.4 billion, indicating ecosystem maturity beyond speculative use cases.
While 70% remains on CEX, it's impressive how Solana stablecoin issuance now stands at $2.4B amid rapid growth (+50% since mid '23). This is a definitive signal the $SOL ecosystem is maturing beyond purely speculative use cases. DeFi/DEX up next. h/t @artemis__xyz @ournetwork__ https://t.co/95kkNNvI5k
$SOL surged 34.5% in a week to a 23-month high, fueled by #DApp volumes. #Solana https://t.co/9yMrvm61pz
What happens after $SOL pushes through $140? Anyone know?