Solana Price Hits Two-Year Peak of $150 as DeFi Volume Tops Ethereum
Bitcoin and Ethereum have experienced significant market fluctuations, with Solana rising above the $150 price point for the first time since January 2022.
This comes as Bitcoin hit another all-time high above $70,000, and Ethereum reached $4,000 for the first time since 2021.
Solana dipped after hitting its own milestone, falling from above $152 to about $143. However, the price has mostly rebounded since, currently at about $150.
Trading volume on Solana-based decentralized exchanges (DEXs) surpassed an all-time record this week, cementing Ethereum’s place among the top beneficiaries of the crypto market’s current bull run.
Despite the recent surge, Solana remains further away from its all-time high price point than Bitcoin or Ethereum.
(With inputs from Shikha Singh)
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