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Solana

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Solana (SOL) has risen by an amazing 700% in the last year, outperforming other cryptocurrencies like as Bitcoin (BTC) and Ethereum (ETH).&nbsp; 
As per the data from <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>, Solana is currently up 702% from the previous year. During the same time, Ethereum eclipsed Bitcoin, thanks to final approvals for token-focused funds. Ethereum has grown by 51% since the beginning of the year, outpacing Bitcoin’s 45% increase. 
At the time of this writing, SOL is currently the fifth-largest cryptocurrency by market capitalization, having a bullish year till now. Currently, SOL is trading at $145.6, and a year ago it was trading at $20, and at its peak in 2024, it was $200. 
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 <img fetchpriority="high" decoding="async" width="1024" height="683" src="https://www.cryptotimes.io/wp-content/uploads/2024/06/SOL_1Y_graph_coinmarketcap-1024x683.jpeg" alt="Solana Chart" class="wp-image-187364" srcset="https://www.cryptotimes.io/wp-content/uploads/2024/06/SOL_1Y_graph_coinmarketcap-1024x683.jpeg 1024w, https://www.cryptotimes.io/wp-content/uploads/2024/06/SOL_1Y_graph_coinmarketcap-800x533.jpeg 800w, https://www.cryptotimes.io/wp-content/uploads/2024/06/SOL_1Y_graph_coinmarketcap-768x512.jpeg 768w, https://www.cryptotimes.io/wp-content/uploads/2024/06/SOL_1Y_graph_coinmarketcap-330x220.jpeg 330w, https://www.cryptotimes.io/wp-content/uploads/2024/06/SOL_1Y_graph_coinmarketcap-420x280.jpeg 420w, https://www.cryptotimes.io/wp-content/uploads/2024/06/SOL_1Y_graph_coinmarketcap-615x410.jpeg 615w, https://www.cryptotimes.io/wp-content/uploads/2024/06/SOL_1Y_graph_coinmarketcap-860x573.jpeg 860w, https://www.cryptotimes.io/wp-content/uploads/2024/06/SOL_1Y_graph_coinmarketcap.jpeg 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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 Solana Chart
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Bitcoin’s initial run this year, aided by the launch of the first U.S. spot ETFs in January, saw it hit a new high of $73,798 by March. However, demand and price have subsequently slowed, and Bitcoin’s performance is being overshadowed by increased interest in Ethereum and Solana. 
ETF excitement is responsible for Solana’s recent rise, especially when exchange-traded fund company VanEck applied for a cryptocurrency-based product.&nbsp; 
The SOL token experienced its largest spike since late May after <a href="https://www.cryptotimes.io/2024/06/27/vaneck-seeks-solana-etf-in-us-calls-sol-a-commodity/" target="_blank" rel="noreferrer noopener">VanEck filed the necessary paperwork</a> with the Securities and Exchange Commission (SEC) for the new Solana ETF. The boost reached as high as 11%. 
The VanEck Solana Trust is the company’s newest product and the first Solana ETF to be registered in the US. This submission comes after <a href="https://www.cryptotimes.io/2024/05/24/sec-finally-approves-ethereum-spot-etfs/" target="_blank" rel="noreferrer noopener">spot Ether (ETH) ETFs were approved</a> by the SEC for the United States on May 23, 2024. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/29/21shares-joins-solana-etf-race-after-vanecks-filing/" target="_blank" rel="noreferrer noopener">21Shares Joins Solana ETF Race After VanEck’s Filing</a> 
</blockquote>

Solana Up 700% Last Year, Beats Bitcoin and Ethereum Growth

The Crypto Times

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