Solana breaks through the $ 100 ceiling again

Since the beginning of 2024, the Solana blockchain SOL $259.59 Solana 0.08% Market capitalization $123.22 billion VOL. 24 hours $1.26 billion has already processed transactions worth $ 951.9 billion. Amid the growth of online activity to the levels of the fall of 2022, the price of SOL reached $ 104 at the time.

The growth in the total value of transactions compared to December 2023 ($ 735.8 billion) was 30%. The value in September 2023 was $ 40 billion.

The figure for partial January 2024 takes into account not only the SOL virtual coin ($ 474 billion) and native SPL tokens, but also transactions with the USDC stablecoin ($ 403 billion).

The rise in Solana’s price comes amid significant trading activity in pairs with the WEN meme token and stablecoins.

WEN is distributed via an airdrop among traders of the non-custodial exchange Jupiter, users of the Saga smartphone, and holders of some NFT tokens.

At the time of writing, SOL is trading at $ 101.12, which is 2.02% lower than yesterday. The total amount of coins circulating on the market is $ 44 billion. Traders made $ 3.5 worth of daily trades, an increase of more than 25%.