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Solana’s SOL Token Nearly Tripled in August as Investors Bet on ‘Ethereum Killers’

Terra’s LUNA and Cardano’s ADA also surged as Ethereum’s scalability issues pushed investors to speculate on alternative DeFi base layers.

Among the CoinDesk 20 digital assets, Cardano's ADA token boasted the top performance in August, doubling in price. (CoinDesk)
Among the CoinDesk 20 digital assets, Cardano's ADA token boasted the top performance in August, doubling in price. (CoinDesk)