{"title": "Solana Jumps 11% as FTX Fears Subside and Network Activity Rises", "body": "According to CoinDesk, Solana (SOL) experienced an 11% increase on Friday, continuing to outperform the rest of the crypto market. The cryptocurrency has gained over 26% this week, outpacing crypto leaders bitcoin (BTC) and ether (ETH), which increased by 10% and 3% respectively. The CoinDesk Market Index (CMI) advanced 8%. Solana's price rally is attributed to several factors, including reduced concerns about FTX selling tokens, rising activity on the Solana network, a massive influx into digital asset funds, and a recent tech upgrade.\n\nSolana's year-to-date rise of 170% has made it one of the best-performing digital assets this year. Fears about the potential fire sale of SOL tokens by the bankrupt crypto exchange FTX were overblown, according to IntoTheBlock head of research Lucas Outumuro. The FTX estate staked approximately 5.5 million SOL worth $122 million last week, easing investor sentiment. Additionally, Solana-focused funds saw $24 million of net inflows last week, the largest weekly influx since March 2022.\n\nThe Solana blockchain has experienced increasing network activity over the past weeks, with a recent tech upgrade reducing validator hardware requirements and adding optional zero-knowledge-compatible encryption for transactions. This has contributed to the enthusiasm for the digital asset, as noted by 21Shares analysts."}