The price of Solana continues to soar, reaching $99.5 earlier and surpassing BNB to become the fourth largest cryptocurrency by market capitalization.
(Background:
Solana surges, re-evaluating the staking market: Four-wheel drive boosts liquidity
)
(Additional background:
Messari analyst reveals holdings: Solana is an investment consensus, favored by AI tokens and DePIN
)
The price performance of the public chain Solana (SOL) has been skyrocketing since mid-October. After surpassing XRP and becoming the fifth largest cryptocurrency by market capitalization, it surged to around $99.5 on Binance futures contracts earlier today, with a staggering 17% increase in the past 24 hours.
With the price surge, Solana’s market capitalization also surpassed BNB, reaching $421 billion and successfully becoming the fourth largest cryptocurrency by market capitalization.
Further reading:
Cryptocurrency Morning Report: Solana surges 12% and surpasses $84, market capitalization surpasses XRP, Bitcoin climbs to $44,300
Solana’s ecosystem DEX trading volume surpasses ETH
In addition to the continuous price surge, users’ attention to Solana’s ecosystem has also been increasing. The decentralized exchanges (DEX) on Solana have surpassed ETH in average 7-day trading volume for the second time in history, with a daily trading volume exceeding $1.2 billion.
Analysts commented:
Solana DEX trading volume surpasses Ethereum | Source: X
Related Reports
If you haven’t bought Solana, which old public chains still have opportunities?
Solana mobile purchases increase by 10 times! BONK airdrop value surpasses Saga’s sale price
$BONK listed on Coinbase surges over 50% in 24 hours! Becomes the third largest market capitalization meme coin
Tags:
BNB
SOL
Solana