Solana (SOL) has reached a fresh all-time high of $264, surpassing its previous peak of $259 within the past 24 hours, according to CryptoSlate data.

This performance highlights Solana’s impressive momentum, especially when compared to Bitcoin. Since Donald Trump’s election win on November 5, Bitcoin has risen by 47%, while SOL’s price has surged over 50% in the same timeframe.

Market observers noted that the rally coincided with the extraordinary on-chain activity that stems from the current memecoin frenzy within the ecosystem. Data from DeFillama reveals that Solana’s network has processed $100 billion in decentralized exchange trading volume, setting a new benchmark. The platform also averages over $5 billion in daily trading volume this month.

Solana’s dominance becomes even clearer when looking at transaction numbers. Blockchain analysis platform Artemis data shows that while most layer-1 blockchains handle fewer than 5 million transactions daily, Solana processes a staggering 53 million. This immense activity underlines the growing adoption and demand for its robust infrastructure.