%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment The price of %Solana (CRYPTO: $SOL ) is continuing to rise as other %Cryptocurrencies falter. Solana’s price has gained nearly 3% over the past 24 hours and is currently trading at just under $175 U.S. even as most other cryptocurrencies suffer a sharp decline led by %Bitcoin (CRYPTO: $BTC ), whose price has dropped nearly 10% to $67,800 U.S. The outperformance continues a trend for Solana, whose price has increased 742% over the last 12 months, trouncing the gains seen in Bitcoin (up 178%) over the same period. Sharing many of the same characteristics as %Ethereum (CRYPTO: $ETH ), Solana is viewed by many crypto bulls as a leader in facilitating decentralized finance (DeFi) transactions. Some analysts claim that Solana is superior to Ethereum due to the speed at which it can execute %DeFi. Solana can validate 50,000 transactions per second compared to just 13 transactions per second processed by Ethereum. Last year, Solana’s developers launched “Solana Pay,” a direct transaction connection between merchants and consumers that can be used without an intermediary such as a bank and with zero fees. Other major altcoins such as Ripple (XRP) and Avax (AVAX) have seen their prices pulled lower by 5% to 7% over the last 24 hours due to the slide in crypto prices. While Solana has shown resilience, its price is currently about 30% below the all-time high it reached in November 2021 when the crypto market last peaked.