Solana staged a dramatic comeback this week, pushing SOL past $155 and establishing it as the industry's best-performing layer-1 token.
The token surged more than 41% from its weekly low, striking a record $0.065 against Ethereum-a near-100% rally from its yearly bottom-and climbing to $0.0028 versus Bitcoin, its highest level since July. This rally underscores Solana's expanding market share, as the blockchain logged over $14.7 billion in decentralized exchange volume last week and attracted top meme-coin projects like Dogwifhat, Book of Meme and Popcat.
Solana also emerged as a leading DePIN platform, hosting notable projects such as Hivemapper and Helium, though it trails Ethereum and Tron in stablecoin transactions. Technical analysis shows SOL breaking through the $0.059 resistance, invalidating a triple-top pattern and staying above all moving averages, with the accumulation/distribution indicator pointing to ongoing buying pressure.