Ethereum-killer Solana has continued with its mega bull run hitting a new all-time high of $250 earlier today. With this move, Solana has emerged as the fourth largest cryptocurrency with a market cap of $72.9 billion while toppling top players like Cardano (ADA).
Solana has been on an unstoppable rally throughout this year, especially over the last three months. The SOL price has multiplied 166 times since the beginning of 2021 and has emerged as one of the top-performing altcoins in the ecosystem. With such a staggering 16000% gain this year so far, Solana has been the talk of the town among investors.
The Solana blockchain has popular for its ultra-fast transactions at extremely low cost. Besides, the rapidly rising gas fee on the Ethereum blockchain has forced more DeFi players to opt for affordable solutions like Solana. As per data on DeFiLlama, the total value locked of all DeFi protocols on Solana has reached close to $15 billion.
Furthermore, the NFT sales taking place on the
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