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Why Solana Is Up Again Today

TheMotleyFool

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In the past 24 hours, Solana (CRYPTO: SOL) tokens are up 10% to $76.92 apiece as of 10:30 a.m. EDT today. The Solana network, which powers decentralized blockchain apps on its infrastructure, has been gaining a lot of traction. Recently, Degenerate Ape Academy, a hub for non-fungible tokens (NFTs), launched on the Solanart platform.

Within days of its launch, 1,691 owners have flocked to the Degenerate Ape platform, with 3,555 NFTs currently for sale. Buyers and sellers have already transacted NFTs worth 137,000 SOL -- equivalent to about $10 million in today's price. But that's not all the platform can do.

Image source: Getty Images.

Source Fool.com

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