Solana price hits all-time high of $250

On Friday, November 5, Solana (SOL) reached an all-time high of $250.

In the last 24 hours the asset rose 2.7%, in the past week — 24.8%, according to CoinGecko. At the time of writing, SOL was trading around $243.

Solana edged out Tether (USDT) in market capitalization, taking fourth place with a valuation of $73.3 billion.

Total value locked (TVL) in Solana-based decentralised applications is approaching $15 billion.

On August 30, the price of Solana first surpassed the $100 psychological threshold.

On September 7, SOL over the 24 hours rose by more than 30%, topping $190 and overtaking Dogecoin and Polkadot in the overall crypto-asset ranking.

On September 14, 2021, in the Solana mainnet a major outage occurred, as a result of which new blocks were not produced for more than 16 hours.

Full functionality of the blockchain was restored in less than a day after the restart. The outage was attributed by developers to a DoS-attack.

In October, Grayscale Investments added Solana and the native token of the decentralised exchange Uniswap (UNI) to the Digital Large Cap Fund.

In the same month, the Solana Foundation, the nonprofit behind the blockchain project, opened validators to run nodes on server hardware.

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