Solana is a project that’s competing with Ethereum, and lately, it’s been booming. SOL is making waves in the crypto market with booming prices and rising NFT DeFi activity. Audius is a crypto-powered music service that is taking note of all the above.
It’s been just revealed that the project announced that its users can now display their Solana NFTs on the platform via an exclusive integration with Phantom, a popular Solana wallet.
“Audius is a rising streaming music service that offers an alternative to heavyweight players in the space—like Spotify and Apple Music—via a decentralized approach that hosts tunes on distributed nodes, rewarding users for supporting the network,” Decrypt online publication notes.
Just like many crypto projects of late, Audius has embraced NFTs.
Solana hits new ATH
Some smaller coins, such as Ethereum competitor Solana (SOL), managed to hit a new ATH. SOL traded at $145, and at the moment of writing this article, SOL is still trading in the green.
The digital asset managed to hop on the 7th spot on CMC, and it’s now priced at $143.82.
Solana became the first altcoin in the crypto market to record a new ATH post-May crash.
After that, it’s also worth noting that it was joined by the likes of Cardano ($ADA) and Terra ($LUNA).
Looking at CMC data, Solana started the month under $140 and is now looking to test $150 next. At the moment of writing this article, SOL is trading in the green, and the coin is priced at $142.
The altcoin’s price momentum is more than likely associated with the rapid growth of the Solana ecosystem as the long-term on-chain activity nears new highs.
CMC notes the following:
“the social crowd sentiment has also been behind $SOL for quite some time now and spiked highest on August 31.”
Stay tuned for more news, and make sure to keep your eyes on the crypto market.