Why is Solana (SOL) price up this week?

Solanas native token (SOL) made significant gains of 5.5% on Nov. 28, trading at $58. Source: DappRadarDuring the previous 7 days, Solana saw a 10% boost in active addresses and a 9% rise in decentralized application (DApp) volume, while Ethereum faced a 21% decrease in volume. As a result, Solana emerged as the top-performing blockchain amongst the top 10 in terms of DApp activity gains.Furthermore, Solanas NFT activity surged by 35% in the previous week, amounting to $24.5 million in sales, as reported by CryptoSlam. Despite the general decline of 34% in international NFT volumes throughout all blockchains, Solana experienced a 90% boost in the number of unique purchasers throughout the very same period.

Source: DappRadarDuring the past 7 days, Solana saw a 10% boost in active addresses and a 9% increase in decentralized application (DApp) volume, while Ethereum dealt with a 21% decrease in volume. As an outcome, Solana emerged as the top-performing blockchain among the leading 10 in terms of DApp activity gains.Furthermore, Solanas NFT activity surged by 35% in the past week, amounting to $24.5 million in sales, as reported by CryptoSlam. Despite the overall decrease of 34% in international NFT volumes across all blockchains, Solana saw a 90% increase in the number of distinct purchasers during the same duration.