TL;DR

• Solana’s Value Improve: SOL’s worth surged to just about $75 lately, a peak final seen in Might 2022, and at present stands at about $71.
• NFT Gross sales Quantity Progress: Solana briefly outperformed Ethereum in NFT gross sales quantity progress, with a big 53% weekly improve.
• Bonk Inu’s Distinctive Efficiency: The Solana-based memecoin, Bonk Inu, noticed a 400% rise in its worth, outstripping different fashionable memecoins.

SOL Performing Higher Than ETH in This Side

The sixth largest cryptocurrency by market capitalization – Solana (SOL) – has been on a tear currently, with its worth hovering from the beginning of This fall, 2023. Final weekend, it hit nearly $75 (per CoinGecko’s information), a peak final witnessed in Might 2022. Within the following days, SOL barely decreased to its present stage of $71 as a result of ongoing market correction.

Other than experiencing a speedy worth ascent, the asset additionally surpassed a number of of its rivals when it comes to transaction quantity and different metrics.

In response to CryptoSlam, Solana non-fungible token (NFT) gross sales quantity has marked a much bigger improve on a weekly foundation than Ethereum. The determine with the previous has reached nearly $68 million, 53% larger than the noticed information every week earlier than.

Whereas Ethereum NFT gross sales quantity for the previous seven days stands at almost $100 million, it really represents a 5% drop for every week. Furthermore, Solana briefly outpaced its rival on December 8 when it witnessed $16 million of such gross sales versus $11 million for the opposite blockchain protocol.

Solana’s BONK Stole the Present

Solana may need captured some traders’ consideration, however its memecoin Bonk Inu (BONK) has undoubtedly taken heart stage lately.

The token’s worth has exploded by 400% on a month-to-month foundation, hitting an all-time excessive on December 9. As well as, its market capitalization at present hovers round $800 million, positioning the asset because the 81st largest in all the crypto realm.

BONK’s spectacular rise may very well be attributed to Solana’s uptrend and the hype surrounding memecoins. Nevertheless, a few of the main tokens of that sort, akin to Dogecoin (DOGE) and Shiba Inu (SHIB), have didn’t meet up with Bonk Inu’s pace, registering extra modest spikes as of late.