Solana

<h3 id="solana-has-surpassed-bitcoin-in-growth-since-the-beginning-of-the-year-and-is-second-only-to-the-regular-cryptocurrency-market-leaders-in-terms-of-cryptocurrency-market-share">Solana has surpassed Bitcoin in growth since the beginning of the year and is second only to the regular cryptocurrency market leaders in terms of cryptocurrency market share</h3><p>The rate of native blockchain token Solana (SOL) on March 18 reached its highest since December 2021, momentarily reaching $209&#43; on the Binance exchange when paired with the Tether USD (USDT) stablecoin.</p><p>The capitalization of SOL, according to <a href="https://coinmarketcap.com/currencies/solana/" rel="noopener noreferrer nofollow">CoinMarketCap</a>, reached an all-time high of $89.4 billion. And that made the token the fourth largest crypto asset after bitcoin (BTC), Ethereum (ETH) and the USDT stablecoin. SOL&#39;s previous capitalization high was $77.9 billion in November 2021.</p><p>Solana&#39;s price has risen more than 100% since the beginning of the year. But the token is trading below its all-time high at $250, reached in November 2021 during the peak of the crypto market.</p><h3 id="new-solana-records">New Solana Records</h3><p>On March 18, the SOL token overtook the BNB cryptocurrency from the Binance exchange in terms of capitalization, which had long been ranked fourth in the Coinmarketcap rankings.</p><p>Search queries for the word &#34;Solana&#34; reached the index of 100. And that is an absolute record in the five-year history of the cryptocurrency. The previous peak was recorded in early September 2021 - then the value of search activity was 84. Experts attribute the surge of interest in Solana to the SOL price exceeding the $200 mark.</p><p>Benjamin Stani, director of business development at Matrixport analytical company, linked the growth of SOL price to active trading of memcoins issued on the Solana blockchain.</p><p>Over the weekend, Solana surpassed Ethereum in trading volume due to increased interest in Solana-based memcoins. Trading volume on SOL reached $3.52 billion on March 16, according to data from DefiLlama. And that&#39;s $1.1 billion more than the daily trading volume on Ethereum. However, the increase in activity has taken a toll on the network.</p><p><a href="https://crypto-upvotes.com/about-us/" rel="noopener noreferrer nofollow">Our experts</a> predict the coin to update the historic high, provided the rally in the cryptocurrency market continues. And expansion of the Solana blockchain application ecosystem.</p>

Solana has become fourth most capitalized cryptocurrency

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