Solona Coin

January 2022. However, by the end of 2022, this had fallen to around $3 billion following the bankruptcy of FTX. Following the general rise of the cryptocurrency market in 2023, its market cap rose to $7 billion.

The value of Solana tokens has fluctuated greatly since the system's inception. The market capitalization of the Solana blockchain surpassed $63 billion in September 2021,[16] and reached $74 billion in early November 2021, having risen by nearly 12,000% that year to a price of $259.96.[2] The blockchain's popularity at this time was due in part to interest in NFTs.[Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018. The blockchain has experienced several major outages, was subjected to a hack, and a class action lawsuit was filed against the platform.6]Bring blockchain to the people. Solana supports experiences for power users, new consumers, and everyone in between.