Here’s Why Solana (SOL) Price is Up 80% in a Month, Outpacing Bitcoin and Ripple (XRP)

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Solana has emerged as the top-performing crypto asset, rallying to a level last seen in August 2022. The seventh-largest crypto by market cap surged nearly 14% over the past day, surpassing $44 on November 2nd.

Its recovery has been impressive so far. SOL has upped its game, trading at prices not seen in nearly 15 months. The native token of the layer-1 blockchain has long outpaced market leaders Bitcoin and Ethereum as it rallied to a new multi-year high. In the process, SOL gained over 343% in YTD. In contrast to Solana’s existing single validator client, Firedancer is designed to broaden the client ecosystem, bolstering the blockchain’s resilience. Alchemy’s“The Firedancer client aims to address existing limitations and improve upon the current Solana validator clients in several ways: enhanced concurrent transaction processing, sharding support, optimized P2P communication, and improved consensus protocol support.

 

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