at a spot price of $23.32, up 7.30% over the past 24 hours, and by more than 16% over the past week.
For Solana, trending among the top-performing altcoins can be tagged as a regular feature as the protocol is one of the most robust in terms of ecosystem diversity. With its Decentralized Finance and Non-Fungible Token ecosystem growing at a rapid pace, the demand for SOL has been rising, thus contributing to its current growth surge.in recent times and, at the moment, its current bullish outlook can also be attributed to the stability it has enjoyed over the past few weeks.
Solana is branded as one of the most versatile Layer 1 protocols, with the intention of unseating Ethereum as the dominant smart contract hub. Though it still lags behind Ethereum on most metrics, its DeFi growth uptick is a sign that the protocol has a bright future.