$SOL rises 8% as Solana on-chain activity soars

Gate.io News: The price of $SOL, the utility token of Solana, has increased by 8% in the last 24 hours. This is coming after on-chain metrics reveal that activities on the Solana network have been notably increasing and new Solana addresses on the rise.

$SOL currently trades around $119.48 (SOL/USDT), with a market capitalization of $50.92B, and a 24-hour trading volume of $71.34M according to Gate.io trading chart.