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Solana price soars to new highs with DeFi project launch, $70M DEX funding

Published 08/16/2021, 09:30 AM
Updated 08/16/2021, 11:00 AM
Solana price soars to new highs with DeFi project launch, $70M DEX funding
SOL/USD
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Solana blockchain’s native asset, SOL, soared to a new record high on Monday.

The SOL/USD exchange rate rose by 26.12% to $65.467 on the Binance exchange after traders assessed a flurry of infrastructural developments in the Solana ecosystem, including a recent $70-million crowdfund to support its blockchain-powered decentralized exchange, Mango Markets.

Top 10 crypto assets' performance. Source: Messari
SOL/USD daily price chart featuring its overbought RSI. Source: TradingView

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