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Given that Solana (SOL) recently surpassed a high of $180 to hit a three-month high, the sky seems to be the limit for the fifth-largest cryptocurrency by market value.
Steady network growth has been a major catalyst for Solana’s bullish momentum, with daily active addresses currently at an all-time high (ATH).
The number of active daily addresses in the Solana blockchain is approaching the 10 million mark, and daily revenue recently reached a six-month high of $2 million, according to data from Token Terminal. .
Source: Token Terminal
According to DeFiLlama data, Solana’s network’s rapid growth has led to the expansion of the DeFi ecosystem, with total value locked (TVL) soaring to a whopping $6.34 billion.
Thanks to the rapid growth in Solana’s economic activity, the altcoin has a psychological price of $200 and looks destined for even greater heights.
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According to CoinGecko data, SOL has risen 7.9% over the past week, reaching $178 at the time of writing.
Meanwhile, Solan Whale recently made a whopping $2.5 million profit thanks to market strength.
Vietnam reveals ambitious blockchain plans
As Solana continues to make great strides in the crypto market, the Vietnamese government is working hard to make the country a major blockchain player in Asia.
Vietnam aims to increase human resources, establish testing centers and promote blockchain branding based on a five-step action plan.
Making Vietnam the go-to place for blockchain application, deployment and research in Southeast Asia will be a stepping stone to strengthening digital technology development.
According to the announcement, “The government aims to build 20 well-known blockchain brands in terms of platforms, products and services on blockchain technology platforms in the region. To form a national network, Maintain the operation of at least three blockchain testing centers or special zones in major cities.”
Therefore, Vietnam envisions becoming a regional blockchain hub by 2030.
