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It has been a perfect week for Solana Blockchain. While SOL has overtaken Dogecoin (DOGE) to become the seventh largest asset by market capitalization, with a valuation of 64% in the past seven days, ATLAS, the original token for Solana built on the Star Atlas blockchain, debuted yesterday recording a rise of more than 11,000%, according to For data from the FTX exchange.
Star Atlas is still in development, but its utility token has already caught the attention of investors. ATLAS was initially sold through an IEO (Initial Exchange Offer), a type of ICO (Initial Coin Offering) where the token issuer and exchange set the rules for the initial offer.
- Solana extends its rally to another all-time high: Why did the price of SOL go up 70% in one week?
ATLAS was launched only on FTX and on Decentralized Exchanges (DEX), Radyium and Apolo-X, with the former contributing $963,163.60 to ATLAS and the other two contributing a total of $481,581.80.
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