Solana, the ninth-largest cryptocurrency by market cap, climbed approximately 10% in 24 hours, moving from about $96 to $103 at one point today. Compared to other major coins, only Cardano and Dogecoin saw similar gains, of 9% and 6%, respectively.
Solana’s upward move comes shortly after Krafton, publisher of popular battle royale game PUBG, announced that it is partnering with Solana Labs to develop blockchain games on the network.
But plenty of other companies have been announcing and launching projects on the Solana blockchain as of late. Web3 gaming startup Block Tackle shared Tuesday that it is developing a Solana NFT skateboarding game, and Coinbase recently added Solana token support to its wallet browser extension.
Cryptocurrency non-profit The Giving Block also announced today that it added support for the Solana blockchain to its platform, allowing donors to contribute to more than 1,400 charities using SOL. Through The Giving Block’s platform, SOL holders can contribute to causes focusing on a range of initiatives like Ukraine relief, education, animal welfare, or environmental protections.
On the investments side, asset management firm Grayscalelaunched a non-Ethereum altcoin fund composed of 24% Solana this week. The fund also contains about 24% Cardano, while other coins in the fund make up anywhere from 4-16% each. Grayscale also has a dedicated Solana trust for those looking to focus exclusively on SOL.