Solana

Coin

<ul class="news-points"> 
 <li>SOL finished the quarter with a $8.4 billion market cap, which is 17% higher Quarter-on-Quarter (QoQ).</li> 
 <li>Although the altcoin faced a brief dip, SOL outperformed several altcoins as its ranking jumped from 10 to 7 QoQ.</li> 
 <li>SOL was trading hands at $23.82 after experiencing a surge of 0.07% in one hour.</li> 
</ul> 
Messari, a crypto market intelligence platform, reported that Solana, in the third quarter of 2023, was continuing to gain mindshare. It finished the quarter with a $8.4 billion market cap, which is 17% higher Quarter-on-Quarter (QoQ). 
<a href="https://coinedition.com/can-ftxs-solana-sell-off-cause-market-dip-crypto-analyst-explains/">Although the altcoin faced a brief dip</a>, possibly caused by the potential liquidation of Alameda/FTX’s SOL and various other macroeconomic factors, SOL outperformed several altcoins as its ranking jumped from 10 to 7 QoQ. 
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 How did <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@solana</a> perform Q3'23? Solana tech is continuing to gain mindshare, with market cap growing 17% QoQ and revenue for SOL up 10% QoQ. DeFi TVL also grew 32% QoQ to $368M, thanks to protocols like <a href="https://twitter.com/marginfi?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@marginfi</a>, <a href="https://twitter.com/cypher_protocol?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@cypher_protocol</a>, and <a href="https://twitter.com/solendprotocol?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@solendprotocol</a>. <a href="https://t.co/UN6ywL8NiK" target="_blank" rel="nofollow">pic.twitter.com/UN6ywL8NiK</a>— Messari (@MessariCrypto) <a href="https://twitter.com/MessariCrypto/status/1714684073913045410?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 18, 2023</a>
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<a href="https://coinedition.com/tag/solana-sol/">Solana</a> also witnessed a growth in its revenue, measured by all the fees collected by the pro…
The post <a rel="nofollow" href="https://coinedition.com/sols-market-cap-surges-by-32-qoq-revenue-increases-10-qoq-messari/">SOL’s Market Cap Surges By 32% QoQ, Revenue Increases 10% QoQ: Messari</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

SOL’s Market Cap Surges By 32% QoQ, Revenue Increases 10% QoQ: Messari

Coin Edition

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