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Solana (SOL) has continued to surge higher over the past month after a year-long plummet in price, ecosystem, and essentially its reputation in the crypto space.
Once called the “ETH Killer” blockchain has now slowly come back to the spotlight with it becoming one of the best performers by gaining more than 70% in the past month.
It has currently surged to nearly $43 which is up almost 80% from October 1, according to data from Coinmarketcap.
Besides whooping gains in price, Solana’s TVL (total value locked) has also significantly increased over the month which records a growth of approximately 50%. On October 1, its TVL was roughly $1.05 billion which has currently reached $1.8 billion – according to DeFiLlama data.
Solana is currently the fifth largest blockchain network and SOL is the seventh largest cryptocurrency with a market cap of $18 billion.
Also read: Solana Labs Unveils Gameshift to Simplify Blockchain Gaming
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