The digital coin took the tenth place in the ranking of the largest cryptocurrencies by capitalization, displacing the token of the Uniswap decentralized crypto exchange.
Over the past day, the price of the Solana token has grown by 40% and has updated its all-time high at $ 63.3. At 10:10 AM UTC on August 16, the digital coin is worth $ 62.8.
The capitalization of the Solana token has exceeded $ 17.7 billion, according to CoinGecko.
The asset took the tenth place in the ranking of the largest cryptocurrencies by capitalization, displacing the token of the Uniswap decentralized crypto exchange.
On August 9, it became known that Solana Labs (the developer of the Solana blockchain) raised $ 314 million in a private token sale.
The round of funding was led by Andreessen Horowitz (a16z) and Polychain Capital with the participation of Alameda Research, CMS Holdings, CoinShares, Jump Trading, Multicoin Capital, Sino Global Capital and others.
Solana is a blockchain designed to support scalable decentralized applications (DApps).
It has a maximum throughput of over 50,000 operations per second and a block dwell time of just 400ms.