Solana Price Continues to Soar, Surpassing BNB to Become the Fourth Largest Cryptocurrency
The price of Solana has been skyrocketing recently, reaching $99.5 at one point and surpassing BNB to become the fourth largest cryptocurrency in terms of market capitalization.
Background:
Solana’s Surge Prompted a Review of the Staking Market: Four-Wheel Drive Leading Liquidity
Additional Information:
Messari Analyst Reveals Holdings: Solana is an Investment Consensus, AI Tokens and DePIN Are Popular
The price of Solana (SOL), a public blockchain, has been performing exceptionally well since mid-October. After surpassing XRP and becoming the fifth largest cryptocurrency in terms of market capitalization, it has now surged to $99.5 on the Binance Futures market around 10 am, with a staggering 17% increase in the past 24 hours.
SOL Surpasses BNB to Become the Fourth Largest Cryptocurrency
The surge in price has also propelled Solana’s market capitalization to overtake BNB, reaching $421, making it the fourth largest cryptocurrency in terms of market capitalization.
Further Reading:
Morning Report on the Crypto Market: Solana Surges 12% to Break $84, Surpassing XRP and Bitcoin to Reach $44,300
Solana’s DEX Trading Volume Surpasses Ethereum
In addition to the continuous surge in price, user interest in the Solana ecosystem has also been increasing. The average 7-day trading volume on Solana’s decentralized exchange (DEX) has surpassed Ethereum for the second time in history, with a daily trading volume exceeding $1.2 billion.
Analysts’ Comments:
Solana’s DEX Trading Volume Surpasses Ethereum | Source: X
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