
Solana's market value has seen a significant surge, reaching new yearly highs with a notable increase of 13.7% in the last 24 hours, pushing its price from $108 to $123.80 amid a broader cryptocurrency market rally. The momentum continued with $SOL breaking the $130 mark, eventually hitting a new yearly high of $133. This rally is part of a larger trend that has seen Solana's price climb from $19 in October to $132, marking a substantial increase. The surge in Solana's value is accompanied by a record-breaking daily DEX volume of $1.689 billion and a dominance shift over Bitcoin and Ethereum, with its dominance moving over 3%. Additionally, Solana leads in daily transactions and active addresses, surpassing other major blockchain networks with 734k unique wallet addresses and 30M transactions in a 24-hour period. The DeFi TVL (Total Value Locked) on Solana has also broken past $2.5 billion, the highest since May 2022. Amidst this growth, Solana-based exchanges now hold 27.6% of the overall market share by volume among the top 3 DEXs.



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?