Solana (SOL), which is also called the Ethereum killer, has <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="nofollow noopener">witnessed</a> a strong bull run and has managed to touch an all-time high on Monday. The cryptocurrency managed to enter the list of the top 10 cryptocurrencies by market capitalization over the weekend before falling to the 11th rank at the time of writing this article.
<h2>Ethereum Killer Solana (SOL) Breaches Into Top 10 Cryptocurrencies List</h2>
Currently trading at the level of $63.25, Solana (SOL) has managed to witness approximately 45% daily gains and around 70% weekly gains on the back of the strong bullish sentiment widespread in the crypto market. 

Following the uptrend and bullish momentum in the flagship cryptocurrency Bitcoin, the <a href="https://www.cryptoknowmics.com/news/solana-trading-volume-increases-as-it-becomes-an-eth-alternative/">Ethereum killer</a> has acquired a boost in its weekend trading.

<a href="https://www.cryptoknowmics.com/news/altcoins-rise-as-bitcoin-bulls-rally-above-48000/">Bitcoin</a> managed to cross the mark of $47K and is inching towards touching the mark of $50K. 

In accordance with the analysis shared by Messari, a crypto research firm, Solana ranks seventh among cryptocurrencies in terms of trading volume, which is a clear indication of the rise in interest among the investors and the users in its technology. 

As revealed, the next resistance level could be at $66.77, which, once broken, can easily lead SOL to cross the mark of $70 and $80.
<h2>TVL in SOL Reached a New ATH</h2>
The total value locked in Solana (SOL) managed to reach a new ATH of over $1.68 billion yesterday. And today, it has acquired the mark of $1.86 billion, which is an increase of 85.44%.

Power Ledger made an announcement last month regarding the migration of its Powerledger Energy Blockchain from Ethereum to Solana. 

In accordance with the team behind Solana, they aim to process around 710,000 transactions per second on a standard gigabit network.

Moreover, it should be noted that the Australian energy trading company said that SOL is much faster than ETH, along with stating that Solana can support higher transaction throughput.

Solana (SOL) Breaks Earlier Records, Ethereum Killer Steals Spotlight for the Day

Solana (SOL), which is also called the Ethereum killer, has witnessed a strong bull run and has managed to touch an all-time high on Monday.

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.

Solana (SOL) Breaks Earlier Records, Ethereum Killer Steals Spotlight for the Day

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