SOL, the native token of the Solana blockchain, soared to an all-time high of $63.33 on Monday morning, recording a gain of more than 36.8% over the last day.
The altcoin has also made it into the top 10 largest cryptocurrencies by market cap, surging past Uniswap’s UNI with $17.75 billion, according to CoinGecko.
At press time, the token’s price backtracked to $61.49, marking a massive increase over the past 24 hours, and 66.6% over the last week.
Solana enjoys NFT craze
SOL’s dramatic rise follows the launch of Degenerate Ape Academy—a non-fungible token (NFT) project built on the Solana blockchain—on Sunday.
The launch saw a collection of the 10,000 unique pictures of cartoon apes sell out in a mere eight minutes, with the overall trading volume reaching almost 96,000 SOL (over $5.9 million).
The highest price for a degenerate ape NFT is currently 100,001 SOL. Source: Solanart.
An NFT is a sort of digital receipt stored on a blockchain that represents ownership of anythin
Źródło: https://decrypt.co/78600/degenerate-apes-nft-sale-sends-solana-all-time-high
