The last 24 hours passed perfectly for holders of Solana, bearing the symbol SOL, as the price of the coin rose by more than 300%.

For those who ask about the reasons for this, the answer is as follows:

• Listing on Binance:

The inclusion of SOL for trading in the largest cryptocurrency exchange by trading volume is definitely a milestone not only for the SOL project but for many other blockchain projects.

announced Binance announced that the SOL coin was listed for the first time on Tuesday and was told that the listing will take place without fees, to provide the SOL/BNB trading pair, which is the only pair currently available on the Binance exchange.

Read:US presidential candidate calls for blockchain technology in the voting process

Binance also launched a $50,000 coin promotion, where users can win up to $1,000 in SOL tokens by completing various tasks.

• Solana Partnership with Chainlink:

The second reason that contributed to the increase in the media momentum around Solana’s project is the partnership that the latter has with Chainlink to build an oracle that updates prices every 400 milliseconds, which Solana says is incredibly faster than the current oracles.

The Solana project was founded in 2017 by the former engineers of Qualcomm, Intel and Dropbox.

Project Solana is a one-chain authorized directory of the staking protocol that provides scalability without compromising decentralization or security.

Solana’s platform says it can process up to 65,000 transactions per second without splitting.

The project reportedly raised more than $25 million from several investors such as:

Multicoin Capital, Foundation Capital, Distributed Global, Blocktower Capital, NGC Capital, and Rockaway Ventures.

In less than 24 hours after the SOL coin was listed on Binance, the price of SOL rose over 300%, driving the token to a record high since its launch. coinmarketcap.

Read:Bitfinex launches a new decentralized data tracking platform

At the time of writing this article, it is trade The cryptocurrency SOL is priced at $0.87 on Binance, leaving traders with a gain of at least 320% against the dollar during the last trading session.

The coin also looks positive against Bitcoin, with SOL managing to gain around 370% at the time of this writing.

Read also:

A new report shows an increase in the number of bitcoin holders…details here

Four personalities in the world of crypto are among the Forbes rich list for the year 2020… Get to know them