Ethereum

Solana

Arthur

Billion

Coin

Solana. Source: Adobe 
The price of Solana (SOL) gained as much as 17.15% within the last 24 hours in a massive rally to become the fourth largest crypto in terms of market cap. 
As of writing, SOL is trading at $98.63, boasting a market capitalization of nearly $42 billion. This surge propels Solana into the position of the fourth-largest cryptocurrency, surpassing Binance Coin (BNB), which currently stands at $41.9 billion, as per <a href="https://www.coingecko.com/">Coingecko data</a>. 
The recent rally goes beyond just increase in market capitalization, with SOL’s contract trading volume across the network witnessing a substantial 32% increase, exceeding 10 billion. 
Furthermore, the open interest in SOL contracts has reached 1.34 billion, positioning Solana as the second-highest in open interest, trailing only behind Bitcoin (<a href="https://cryptonews.com/guides/bitcoin/">BTC</a>) and Ethereum (<a href="https://cryptonews.com/guides/ethereum/">ETH</a>). 
<h2 id="tvl-on-solana-surges-past-1-3-billion">TVL on Solana Surges Past $1.3 Billion</h2> 
 According to <a href="https://defillama.com/chain/Solana">data from DeFi Llama</a>, the total value locked (TVL) on the Solana blockchain has surged past $1.3 billion, indicating substantial growth in DeFi activity over the last two months. 
Despite the remarkable rally, there are indications of significant players liquidating their SOL supplies. Arthur Hayes, co-founder of the crypto exchange BitMEX, has publicly disclosed <a href="https://twitter.com/CryptoHayes/status/1738008677360239091">selling his SOL holdings</a> and reallocating funds to Ethereum (ETH). 
This strategic move aligns with the broader trend in which Solana has witnessed a surge of 700% since the beginning of the year, with a notable 5-fold increase in the last two months. 
The largest cryptocurrency Bitcoin is also trading above $44,100 once again today amid recent spot ETF filing updates from top asset managers.

Solana (SOL) Flips BNB, Gains 17% in 24 Hrs to Become Fourth Largest Crypto

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Cryptonews.com

Ďalšie články zverejnené 22. 12. 2023

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