STEPN (GMT), a so-called "move-to-earn" token using the Solana (SOL) blockchain, has soared incredibly since its market debut in March.
GMT's price jumped from $0.01 on March 9 to a record high of $3.45 on April 19 — a 34,000% upside move in just 41 days (data from Binance). Its massive uptrend appeared primarily due to the hype surrounding decentralized finance (DeFi) projects that reward users in tokens for staying active.