Solana has recently experienced a significant surge in value, with its price climbing 11% to reach $185, making it the top-performing digital asset among the top 10 by market capitalization. This growth can be attributed to several factors, including the increasing DeFi activity on its blockchain, higher transaction fees, and a strong demand for its network.
Additionally, Solana’s Real Economic Value (REV) has increased, which is essential for maintaining network security and generating revenue for both Solana and its validators. In the first five days of November alone, Solana’s REV revenue averaged $5 million daily, demonstrating a strong upward trend in economic activity across the platform.
