Cryptocurrency Dash gained 62% in a matter of hours on Wednesday, totalling 241% growth for the week.

The day before, one unit of Dash was trading at $80.56, whereas just after midnight, the cryptocurrency’s value had surged to $130.96, before dropping back to the $118 mark.

During Wednesday’s surge, Dash’s weekly, monthly and quarterly highs were all surpassed, not reaching the current price since mid-July last year, according to a CCN report.

Dash is now the tenth-largest cryptocurrency by market cap following the price surge, which was enough to exceed Tron in the market cap rankings, reports Yahoo Finance, which has dropped out of the top 10 with a market cap of around $1.16 billion.

In line with the remainder of the cryptocurrency market, Dash bottomed in December. Only a few weeks ago, the cryptocurrency was trading close to a two-year low. However, since then it has gained 241%, with over 161% of this growth registered just over the past week.

As per a report by CoinMarketCap, Dash’s trade volume rocketed from $223 million to $2.2 trillion in the past week.

However, the figure excluding wash-trading puts current volume at $290 million but this is still a 173% rise on the day before’s trade figures.

Dash was created back in 2014, originally called XCoin followed by DarkCoin, but after a 2015 rebrand, Dash was born.

Dash includes the option to send private transactions and was one of the first cryptocurrencies to introduce masternodes. In order to operate a masternode a stake of 1,000 coins is needed, which totals approximately $118,000 at current prices.