Solana now ranks as the fourth-largest cryptocurrency by market cap yet trails behind its main Layer 1 blockchain rivals in December price growth.
Solana (SOL) is up a whopping 95% in December, outperforming its top layer-one (L1) blockchain token rival, Ether (ETH), which rose merely 9.5% in the same period.
SOL outperformed ETH for several reasons this month. But it isn't the only L1 token to have attained attractive returns in the month. Let's take a closer look at three major tokens that are even beating Solana as the year winds down.
Avalanche (AVAX), the tenth-largest crypto by market cap, has outperformed Solana in December, rising 104.75% month-to-date (MTD) to around $44.