Solana Breaks Above $100 Barrier

On Saturday, Solana blockchain’s native token SOL surpassed $100, reaching a price level not seen since Terra’s collapse a year and a half ago.

Currently valued at approximately $102 per coin, SOL has exhibited over a tenfold increase in value throughout 2023, with a remarkable 70% surge in December alone, as reported by CoinDesk Indices.

The recent price surge follows weeks of intense trading, temporarily propelling the Solana blockchain to a prominent position in on-chain activity.

Solana-based decentralized exchanges are approaching the trading volumes of Uniswap for the first time, according to DefiLlama.