Four Top Gainers on the SOLANA Blockchain in the Last Seven Days

• SOL trades for $36.09, with a cumulative growth rate of 14.25% over the past seven days.
• MIM had a price increase of 42% in the last seven days despite having a relatively low market cap.
• FIDA ranks 580 among altcoins with a 22.29% increase in the last seven days.

Given that most cryptocurrencies traded in the red a few weeks ago, things appear much better in the crypto markets at the moment. Some Solana (SOL) blockchain coins are part of the best-performing cryptocurrencies. Below are the top gainers in the last week.

Solana (SOL)

SOL trades for $36.09, with a cumulative growth rate of 14.25% over the past seven days. SOL is the ninth largest cryptocurrency, with a market capitalization of nearly $13 billion and a 24-hour trading volume of $1,005,205,268, up by 50%. Additionally, Solana’s Relative Strength Index (RSI) is at 63.58.

MIM (SWARM)

Despite having a relatively low market cap, MIM had a price change of 42% in the last seven days, according to the CoinGecko chart. The Swarm coin reached its all-time high last November at $0.01129578 and has fallen by 99.7% since then.

BONFIDA (FIDA)

Although FIDA has a ranking of 580 among altcoins, it had a cumulative growth rate of 22.29% in the last seven days. It currently trades at $0.5125 with a 24-hour trading volume of $22,550,749.

Samoyedcoin (SAMO)

SAMO gained 26.96% of value in the last seven days with a market cap of $43,696,234 and a 24-hour trading volume of $1,534,903. The coin currently trades at $0.01195, representing a 2% increase in the last 24 hours.

In sum, the Solana Ecosystem market cap stands at $20.4 billion, with a 0.6% change in the last 24 hours, according to CoinGecko. Solana is a general-purpose blockchain similar to Ethereum, known for its ability to process over 700,000 transactions per second. Its high throughput capability appeals to high-frequency traders, according to FTX research.