Solana (SOL) Leads the Market Rise - COINTURK NEWS
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Solana (SOL) Leads the Market Rise

8:44 pm (47 days ago)
August 9, 2023

Solana (SOL), which gained momentum with the reversal of the direction of the cryptocurrency market, started trading at $24.6 levels with an increase of over 5% in the last 24 hours. With these value increases, SOL entered among the cryptocurrencies that have risen the most in percentage among high market cap cryptocurrencies.

With the resurgence of the cryptocurrency market, the leading cryptocurrency Bitcoin (BTC) surpassed the $30,000 price levels. Most of the altcoins in the cryptocurrency market gained value and gained upward momentum since yesterday morning. Ethereum (ETH) started trading at $1860 with an average increase of 1%.

In addition, the total market value of the cryptocurrency ecosystem has exceeded $1.19 trillion according to CoinMarketCap (CMC) data. Solana (SOL), which gained strong upward momentum during the day, gained over 5% in value and became the cryptocurrency that has risen the most in percentage among the top 10 cryptocurrencies by market capitalization, leading the market rise.

Value Increase Surpasses 5% in Hours

After weeks of low volatility in the cryptocurrency market, it started to rise again and there were cryptocurrencies that recorded high rates of value increase as the leading cryptocurrency BTC passed $30,000 during the day. The native cryptocurrency of the Solana blockchain, SOL, also entered the top cryptocurrencies of the day with its increases.

According to CMC data, SOL started trading at $24.6 levels with an increase of over 5% in the last 24 hours. In addition to the price increase, there was a significant increase in trading volumes. Solana’s (SOL) total trading volume in the last 24 hours exceeded $580 billion with an increase of nearly 60%.

Moreover, critical metrics in Solana have continued to increase despite market downturns in recent weeks. The Total Value Locked (TVL) amount in the Solana blockchain recorded an increase of nearly 18% in the last 1 month, according to DeFiLlama data.

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