Solana's native token, SOL, has reached a 2-year high of $222, sparking speculation about its potential to reach an all-time high. This surge is partly driven by the expansion in Solana's smart contract activity and increased decentralized application (DApp) usage. However, concerns have been raised about Solana's heavy dependence on memecoins, which has contributed to a significant increase in network congestion. The blockchain has also seen a 26% market share of DEX volumes, surpassing Ethereum.

Source: https://cointelegraph.com/news/solana-price-hits-2-year-high-is-a-new-sol-all-time-high-on-the-way?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound