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"SOL has broken all major levels standing in the way of new all-time highs," Jelle said in anX post.

"New retail will flock to solana tokens, and buying SOL is their entry ticket."Tristan Frizza, founder and CEO of Solana-based decentralized finance (DeFi) protocol Zeta Markets, notedincreased network activityon Solana, with decentralized exchanges (DEX) consistently surpassing $2 billion in daily volume since early March."[Solana's] solid adoption metrics, which signal genuine user activity, suggest that we’re not only witnessing speculative interest but are also poised to see new all-time highs due to this authentic engagement," Frizza said in an email.Recently, SOL changed hands at $165, some 35% lower than its 2021 November peak.

Its market capitalization, however, is already approaching its $76 billion record due to the asset's expanding supply, also called token inflation.Krisztian Sandor recently graduated from NYU's business and economic reporter program as a Fulbright fellow and worked with Reuters and Forbes previously.

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