Solana (SOL), the native token of the eponymous blockchain, recently overtook Terra’s LUNA to reclaim its spot as the eighth-largest crypto token by market capitalization. The rally comes on a string on positive news that drove demand for the token through last week.
SOL, which is the most staked token in the market, jumped 21% in the last seven days, and was trading near a two-month high of $110. It currently sits at a market capitalization of $35.9 billion, having recently surpassed the $33 billion of LUNA. The move comes only about two months after LUNA had surpassed SOL in market capitalization- although a major factor in this was also because of losses in SOL.
LUNA lagged its peers through last week, and was trading at levels seen last Monday. But the token has also benefited greatly this year from the growing popularity of the stablecoin TerraUSD (UST).
Gaming partnership, institutional interest boost SOL
Krafton, the South Korean developer behind the wildly popular videogame P
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