Besides its better efficiency, Solana’s performance can also be attributed to the sale of all 10,000 non-fungible tokens (NFTs) of the Degenerate Ape Academy collection.
The NFTs were in such high demand that the whole collection of 10,000 apes sold out in eight minutes during its launch.
The sale saw the $SOL token go up in value 20% from $45.05 at the beginning of that day to $63.33 in 24 hrs.
On Aug. 24, 2021, digital asset management firm, Osprey Funds, registereda first-of-its-kind Solana fund with the U.S. Securities and Exchange Commission (SEC), indicating an intention to offer institutional exposure to SOL markets.
All the above point to increasing value for the token based on market sentiments and the technical foundations of the protocol. ___________________________________________________________________