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Solana (SOL) - $172.71, Up 23.0 in the last 7 days
Solana (SOL) is a platform blockchain that focuses on delivering fast, cheap, and scalable smart contract solutions. The network is powered by the SOL token which is used to interact and transact with the Solana blockchain. The chain has enjoyed recent popularity as the chain of choice to launch meme coins
Several large-cap crypto assets enjoyed strong gains in the last week. Solana’s double-digit surge may have been driven by the launch of Solayer, a product akin to the enormously popular Ethereum security solution the EigenLayer. Solayer, like EigenLayer, will give SOL liquid stakers holding tokens like mSOL, bSOL, JITOSOL a way to boost their staking yields by re-staking and offering their stakes to a shared security layer.
#solana#