“Solana is not a random player,” one might say about its recent rise amidst the general stagnation of the crypto market. While most cryptocurrencies are only slightly fluctuating in price, Solana (SOL) stands out with a nearly 2.28% increase over the day. According to CoinMarketCap, Solana is currently trading at $155.03, which indicates a weekly gain of more than 20.36%. Despite a volatile month where prices swung from $184 to nearly $120, Solana confidently gains altitude, outpacing Bitcoin and Ethereum.

“This can be traced to a sharp increase in the number of tokens in its network using the SPL standard and growing investor interest,” added the analyst. However, this does not guarantee that Solana will maintain its leadership without significant improvements and innovations in the future.