Solana (SOL) traded 9.2% higher at $103.45 over 24 hours leading up to Thursday night amid exuberance surrounding gaming.
| Time-frame | % Change (+/-) |
|---|---|
| 24-hour | 9% |
| 24-hour against Bitcoin BTC/USD | 7.25% |
| 24-hour against Ethereum ETH/USD | 6.6% |
| 7-day | 20% |
| 30-day | 19% |
|
YTD performance |
-41.75% |
See Also: How To Buy Solana (SOL)
Why Is It Moving? Solana has been one of the top gainers this week, according to CoinMarketCap data — having risen nearly 20%.
The so-called Ethereum-killer has been buoyant after Krafton, the creator of the popular video game “PUBG: Battlegrounds,” announced it had signed a long-term business agreement with Solana Labs related to the design and marketing of blockchain-based games and services.
The two companies will also jointly cooperate on investment opportunities, according to a Krafton statement.
This week, Block Tackle, a new game studio backed by Animoca Brands, Coinbase Ventures, Solana Ventures among others, announced its debut title “SkateX” which is a Solana-based skateboarding game.
The co-founders of Block Tackle Rob Oshima and Ben Topkins have worked on titles such as “MARVEL Strike Force” and “AVATAR: Pandora Rising.”
They are both veterans from Kabam — a company known for games such as “MARVEL Contest of Champions” and “Transformers: Forged to Fight.”
Other factors that have worked in favor of Solana this week include the non-profit The Giving Block announcing support for Solana blockchain to its platform and Grayscale launching a non-Ethereum fund that includes Solana.
Read Next: Why Are Axie Infinity (AXS) And Smooth Love Potion (SLP) Tokens Soaring Today?
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