Solana ranked fourth in market capitalization

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Solana ranked fourth in market capitalization - image 9

Solana (SOL) continues to show impressive growth. Over the past 24 hours, its value increased by 3.7%, reaching $184. Thanks to this, Solana’s market capitalization exceeded $85.5 billion, which allowed it to surpass BNB and take the fourth place among cryptocurrencies by this indicator.

Comparison with data from 2021 shows Solana’s significant growth. Back then, its market capitalization was around $75.6 billion.

Solana’s successes are not limited to price growth. In the decentralized finance (DeFi) sector, Solana’s network is also performing impressively, outperforming BNB in terms of total blocked funds (TVL).

However, BSC is still ahead of Solana in terms of the number of protocols running on the platform. Nevertheless, Solana is attracting more developers and users due to its high throughput and low transaction fees.

Read the original article – https://incrypted.com/solana-oboshla-bnb-i-zanyala-chetvertoe-mesto-po-rynochnoj-kapitalizacii/.

29.07.2024, 12:37
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14.05.2025, 06:07