Solana, the ninth-largest cryptocurrency by market cap, climbed approximately 10% in 24 hours on March 24th. The company’s upward move came 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.
Other companies have also been launching projects on the Solana blockchain as of late. Web3 gaming startup Block Tackle shared this month that it is developing a Solana NFT skateboarding game, and Coinbase recently added Solana token support to its wallet browser extension.
The Giving Block, a crypto philanthropy platform, also announced recently that it added support for the Solana blockchain, 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.
While Solana is getting plenty of buzz lately, the altcoin is still way down from its all-time high of $260, which it reached in November 2021. This year, Solana has struggled to regain its previous value, fluctuating between $80 and $100.
(All information was provided by Decrypt)