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Why Solana Is Skyrocketing Today

TheMotleyFool

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As of 2:30 p.m. EDT, Solana (CRYPTO: SOL) is up 38% to $68.19 per token. It has recouped all of its losses since the inception of the great crypto bear market of 2021 in May and reached new all-time highs. It is now the 10th largest cryptocurrency market by market cap.

Last Thursday, Mango markets, a high-speed, decentralized exchange powered by Solana, announced a successful $70 million crowdfunding. A week ago, the Solana Foundation launched the Wormhole update, allowing integration between different types of blockchains on its network, such as the Binance Smart Chain, non-fungible tokens (NFTs), and crypto price data.

Image source: Getty Images.

Source Fool.com

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