$104,045.00
-0.18%$2,520.01
-0.87%$2.40
-0.29%$656.31
-1.45%$175.09
-1.04%$0.999938
-0.00%$0.240211
-0.46%$0.819407
-0.07%$0.267155
-0.17%$2,516.63
-0.93%$4.08
1.41%$103,808.00
-0.46%$17.18
1.13%$25.17
-0.68%$3,019.92
-1.11%$0.00001651
0.55%$0.31222
-0.61%$1.26
30.27%$0.20952
-2.06%$3.47
-0.47%$24.64
-3.15%$409.86
-2.29%$0.999982
0.00%$5.14
-0.80%$8.38
0.91%$101.14
-3.41%$2,521.55
-0.80%$335.11
3.14%$0.0000145
10.75%$2,683.85
-1.03%$4.85
-3.81%$1.001
0.05%$103,971.00
-0.34%$1.001
0.04%$30.17
0.03%$7.03
-3.54%$472.66
3.37%$3.18
-3.28%$5.98
-2.75%$221.44
-1.28%$1.058
-0.44%$55.25
-0.57%$0.122299
14.13%$5.82
0.95%$20.19
-0.53%$1.00
0.00%$1.051
0.00%$0.099294
-3.59%$13.92
-2.39%$5.30
-1.30%$34.32
-3.46%$0.03164749
-1.23%$21.90
-1.58%$0.798869
2.10%$0.415927
0.64%$5.32
-0.53%$0.259077
-4.11%$0.863594
-2.63%$0.460217
-3.90%$1.001
0.05%$3.20
-1.73%$103,939.00
0.38%$0.242596
-3.58%$3.24
-2.36%$1.17
-0.03%$0.593781
-2.31%$4.36
-0.05%$1.31
-1.76%$0.0000232
1.87%$0.581907
-0.16%$4.58
-0.49%$1.003
-2.52%$2,522.03
-0.87%$0.999861
0.13%$1,819.80
-1.76%$99.88
1.44%$0.87497
-4.24%$2,630.48
-0.56%$183.80
-0.83%$11.36
0.05%$0.924608
-0.70%$1.37
-0.41%$0.264098
0.30%$2.05
6.07%$0.737641
-3.09%$13.44
2.47%$4.79
-1.47%$0.01972035
-2.98%$1.28
-1.08%$0.075723
-3.43%$2,854.84
-0.96%$0.120799
-1.98%$103,963.00
-0.30%$1.096
20.85%$0.00011355
7.78%$1.00
0.06%$0.783791
-4.38%$1.005
-5.98%$0.02242454
-2.17%$1.10
-3.61%$656.57
-1.44%$2,682.13
-0.95%$226.19
-1.07%$0.01940403
0.53%$0.01472765
4.90%$0.99974
-0.01%$3.16
-2.06%$1.00
0.11%$193.75
-1.05%$0.360328
-0.72%$0.857809
-1.28%$104,041.00
-0.14%$0.08519
-1.74%$0.672309
6.50%$41.70
-3.36%$2.47
-0.95%$106,505.00
3.64%$0.00000082
1.28%$3,284.60
-1.25%$2,640.51
-0.79%$13.87
-1.37%$103,722.00
-0.13%$23.46
-3.33%$3,288.62
-1.25%$1.00
0.00%$0.259816
2.11%$0.808817
3.53%$0.126366
0.18%$4.01
-4.06%$0.731423
-0.71%$0.458905
-0.80%$44.83
3.74%$0.674767
-0.71%$2,632.25
1.13%$0.36945
-1.79%$2.10
-1.70%$0.187454
-2.01%$0.998021
-0.02%$1.82
1.17%$3.94
-1.17%$0.998835
0.03%$0.240972
-0.06%$0.744698
-0.61%$0.0178837
-3.41%$1.11
0.15%$0.502653
-1.52%$0.01024993
-0.70%$0.184588
-1.83%$0.00620267
1.24%$0.572674
7.67%$0.718532
-3.09%$19.72
-1.43%$0.682215
0.91%$111.00
0.00%$2,521.05
-1.03%$0.21614
-9.25%$8.23
-3.53%$2,522.84
-0.93%$2,680.61
-0.97%$104,005.00
-0.16%$0.208307
2.44%$4.33
-2.91%$2,597.61
-1.46%$0.474358
-4.54%$3.14
-0.40%$0.098858
-4.00%$7.08
-1.67%$0.00002506
0.13%$0.999862
-0.00%$0.998461
-0.01%$0.00924092
-0.75%$0.104543
-0.06%$103,628.00
-0.47%$0.0000012
1.25%$101,549.00
1.50%$0.04836094
-1.94%$1.68
2.95%$0.064852
-0.36%$0.999912
-0.01%$0.703395
-2.58%$2,521.62
-0.91%$1.81
-1.23%$2,506.82
-1.24%$48.23
-0.31%$0.00000044
0.77%$0.00625933
5.67%$1.63
-0.98%$0.424532
19.31%$1.75
-0.17%$0.258925
-4.10%$1.40
0.57%$0.159494
-1.90%$0.430706
-3.49%$0.375093
7.59%$1.096
0.00%$0.99835
-1.24%$0.425693
-2.80%$0.198362
7.41%$0.861199
-3.07%$103,809.00
1.01%$0.00007014
-0.03%$0.00450321
-1.26%$0.379681
0.17%$0.01957163
-0.11%$0.00374975
-0.13%$0.03777622
-1.56%$33.94
0.06%$0.887681
-1.15%$1.00
-0.18%$0.0042459
19.45%$2,671.09
-0.85%$4.37
-2.59%$139.09
-1.73%$0.291744
-1.39%$0.999928
-0.02%$21.40
-1.06%$0.03806643
0.68%$2,771.37
-0.85%$25.20
-0.72%$0.744545
-2.66%$3.00
-1.79%$2,746.57
-0.92%$103,984.00
-0.16%$0.236036
-1.50%$0.0000016
-1.85%$0.999607
-0.02%$0.556733
-2.54%$0.00312091
4.67%$24.62
-2.96%$0.999535
-0.04%$2,522.05
-0.91%$19.18
-1.35%$1.00
-0.02%$2,716.81
-1.05%$0.00074935
20.25%$0.00
6.83%$25.03
-0.75%$1.099
-0.02%$1.10
-8.91%$2,508.41
-1.18%$0.597903
-0.50%$0.879964
0.48%$0.727345
0.18%$0.01480415
-1.28%$0.287592
-2.26%$0.00385218
1.27%$0.266565
-9.20%$0.122596
-2.62%Reading
SOL, the native token of the Solana blockchain, soared to an all-time high of $63.33 on Monday morning, recording a gain of more than 36.8% over the last day.
The altcoin has also made it into the top 10 largest cryptocurrencies by market cap, surging past Uniswap’s UNI with $17.75 billion, according to CoinGecko.
At press time, the token’s price backtracked to $61.49, marking a massive increase over the past 24 hours, and 66.6% over the last week.
SOL’s dramatic rise follows the launch of Degenerate Ape Academy—a non-fungible token (NFT) project built on the Solana blockchain—on Sunday.
The launch saw a collection of the 10,000 unique pictures of cartoon apes sell out in a mere eight minutes, with the overall trading volume reaching almost 96,000 SOL (over $5.9 million).
An NFT is a sort of digital receipt stored on a blockchain that represents ownership of anything from a piece of art, music, or even ticket sales to concerts. Ethereum has been the number one network for activity within this niche, but Solana is also eyeing a slice of the market.
According to the team behind Degenerate Ape Academy, even though the launch was “shitty at best,” as a lot of things went wrong, they were “overwhelmed” with the community’s interest.
“It was exponentially bigger than we thought,” the Degenerate Ape Academy wrote on Twitter.
We sold out in 8 minutes. Holy Ape.
No the drop was NOT smooth. It was shitty at best. We did A LOT wrong and the team was overwhelmed with the wave that hit us in the past week. It was exponentially bigger than we thought. Please ape rage in the comments /1 pic.twitter.com/HCccxoSoQn
— Degenerate Ape Academy 🎓 (@DegenApeAcademy) August 15, 2021
The fee to mint a digital ape was 6 SOL, but as the project sold out, the floor price for a collectible on Solanart is currently 14.40 SOL. This meant that those who were lucky to squeeze past the queue and get their hands on an ape have at least doubled their investment.
The highest price for a degenerate ape is currently 100,001 SOL, or over $6.2 million at current prices.
Solana, which uses a proof of stake (PoS) consensus algorithm, claims to be capable of processing 50,000 transactions per second (TPS) at peak load, which is almost 2,000 times faster than what Ethereum currently offers.
The network also boasts extremely low transaction fees, something that helps it stand out among the competing projects, as well as its own marketplace for NFTs, the network will now host various crypto artworks and digital collectibles.
Following Solana’s sponsorship of Lollapalooza last month, the latest NFT craze is adding new strength to the so-called “Solana Summer.”
Gaming giant Square Enix, the firm behind Final Fantasy and Kingdom Hearts, announced this week that it is expanding its blockchain game Symbiogenesis to Sony’s Ethereum layer-2 network, Soneium. Symbiogenesis originally launched on Ethereum scaling network Polygon, and is currently wrapping up what’s slated to be its final season of content. But that imminent conclusion isn’t stopping Square Enix from a further affiliation with Sony on the blockchain. The initiative connects Symbiogenesis with...
Doodles took its next major step forward Friday after switching CEOs in January, launching its ecosystem token—DOOD—on Solana with an airdrop for NFT holders. The initiative is the first critical launch since Scott Martin, better known as Burnt Toast, assumed the project’s chief executive role, beginning an era in which he planned to introduce more risk while doing away with its previously “extractive corpo” initiatives. Martin, who is also the artist behind the Doodles brand, previously spoke...
Adidas and the makers of Sui-based game Xociety announced a collaboration this week to release limited edition NFT mystery boxes containing in-game character skins, marking the athletic apparel brand's latest move in the blockchain world. The collection, launching May 16, will offer 2,600 mystery boxes priced at $129 each, each containing Adidas-themed virtual clothing and accessories for player avatars in Xociety—a "pop shooter" game built on the Sui blockchain. Each mystery box contains Adidas...
