Solana Deploys 77,000+ Tokens in One Day; New ATH by Nov-end?
Nov 22
2 min read
Solana, one of the most dynamic and fast-growing blockchain ecosystems, has achieved a groundbreaking milestone. On a single day, the network saw the deployment of over 77,000 new tokens, setting a record that indicates its growing prominence in the crypto world.
Key Takeaways
Solana deployed over 77,000 tokens in one day, marking a new record.
The network's scalability and developer-friendly environment are attracting more projects.
Bitwise CEO Hunter Horsley highlights Solana's potential as a standout asset.
The SOL token price is currently at $255.56, with predictions of reaching $275 by the end of November.
This achievement indicates SOL’s scalability and developer-friendly environment, making it a favorite for projects looking to innovate in decentralized finance (DeFi), non-fungible tokens (NFTs), and beyond. The record-breaking token deployment signals increased adoption and developer activity, reinforcing SOL’s position as a blockchain to watch.
Bitwise CEO Praises Solana’s Potential
Bitwise CEO Hunter Horsley recently expressed bullish sentiments about SOL, calling it an ‘incredible emerging asset and story.” In a statement, Horsley suggested that SOL’s trajectory could position it as a potential standout asset, especially for investors who are entering the crypto market through Bitcoin ETFs.
Solana as the Next Big Contender
As the crypto industry continues to evolve, SOL’s rapid growth and innovation are drawing parallels to Bitcoin and Ethereum’s earlier adoption phases. The network’s ability to handle high throughput with low fees makes it an attractive option for developers and businesses.
The SOL blockchain has also crossed the $9B Total Value Locked (TVL) mark, achieving its highest level in the past three years.
At press time, the price of the $SOL token stands at $255.56, with a surge of 3.5% in the last 24 hours. According to Solana price predictions, by the end of this month, the token might hit its new all-time high, which could be around $275.
With influential voices like Horsley spotlighting Solana’s potential and record-breaking achievements like these, the blockchain is increasingly positioned as a serious contender in the crypto landscape.
Also Read: Solana Price Hits $250 Amid SOL ETF Listing Rumors; $300 Next?
Sources
Solana Deploys 77,000+ Tokens in One Day; New ATH by Nov-end?, CryptoNewsZ.