- Solana’s market capitalization was $123 billion. Surpassing Binance Coin’s value of $100 billion, the token secured fifth place in the cryptocurrency rankings.
- Solana’s total value locked (TVL) has exceeded $10 billion. This showed renewed confidence for investors and a recovering DeFi ecosystem.
- Solana saw a significant increase in transaction fees, especially during the launch of the TRUMP token. He highlighted growing network dependency and pressure on infrastructure.
A few weeks ago, there was widespread speculation that… Solana The market capitalization of SOL may exceed that of Binance Coin (BNB). Now the prediction has come true. After the inauguration of Donald Trump on January 20, 2025, Solana officially flipped BNB in terms of market cap.
As of this writing, Solana’s market cap stands at $123 billion, surpassing BNB, which now stands at $100 billion. This achievement has paid off Solana To fifth place in the rankings, just below Tether (USDT). the Stable coin It now ranks fourth with a market value of $138 billion.
Solana’s incredible growth has been attributed to its reputation as a high-performance blockchain network known for its scalability and speed. The network’s popularity among users and developers continues to grow, contributing to significant progress across its ecosystem.
This includes significant increases in transaction fees, Stable coin Market capitalization and total value locked (TVL). These achievements represented a strong return from the setbacks of late 2022, especially the collapse of the economy FTX. He reiterated Solana’s importance in the blockchain space.
Now, with Solana Bypass BNB Binance Smart Chain (BSC) by market cap has its sights set on a bigger target: Ethereum. Race with Ethereum As the dominant blockchain technology highlights SOL’s desire to capture a larger piece of the decentralized economy.
Rising Solana’s TVL shows ecosystem strengthening
SolanaInternational’s recovery has become more evident as its Total Value Added (TVL) exceeds $10 billion for the first time since the collapse FTX. The network boasted a TVL of $13.902 billion. This outperformed several major chains, including TRON, Bitcoin, and Tron. Binance Smart Series (BSC), Base, and Arbitrum.
For the curious, TVL is a key metric to measure the total value of a user’s assets locked in smart contracts. This reflects investors’ confidence in blockchain ecosystems.
In addition, Solana’s ability to cross the critical $10 billion barrier indicates renewed confidence on the part of investors. Trust in the network is restored after the setbacks it caused FTXFall.
Data from DefiLlama highlighted this Solana It has attracted significant new assets in recent months. In the wake of FTX’s financial crisis, Solana’s TVL saw a sharp decline. However, it has since recovered and set new records.
Solana’s TVL’s continued growth has demonstrated its growing appeal among investors and developers. This recovery has supported its reputation as a leading blockchain platform. It is capable of hosting innovative DeFi projects and enhancing liquidity.
Solana Fees Boost and Stablecoin Market Reaches New Milestone
Solana It experienced rapid growth with high transaction fees during the launch of the TRUMP token. In just 10 minutes, the network hit a record high of 6,000 SOL tokens in fees. This highlighted a significant increase in network usage.
Although daily transaction volume decreased from 450,000 to 150,000, transaction fees continued to rise. Glassnode reported the same thing. The higher fees and fewer transactions reflect how increasing network adoption is beginning to strain the system.
As the number of users searching for services on the network increased, transaction costs escalated. This may affect the overall performance of the blockchain.
Solana‘s transaction fees have been constantly rising as user activity intensifies. High profile events such as the TRUMP token release have pushed fees to peak levels.
This increase in fees indicates increasing demand. However, he also emphasized the network’s ability to be managed efficiently.
Moreover, the recent high-profile event has increased the pressure on the network. However, the strong fact remains that… Solana Blockchain has seen significant growth due to this strain.
The growth is evident by most metrics, especially with the market capitalization of stablecoins exceeding $9 billion. This represents an increase of 53.98% over the past week. Furthermore, it indicated strong network adoption and use of stablecoins, mainly driven by USDT and USDC.
In the last 30 days, USDT and USDC supply has been running Solana It grew by 90%. This reinforced it even more Solana Its position as a major player in the stablecoin market. USDC leads the pack, owning 76.23% of Solana’s stablecoin market capitalization.
This boom in Stable coin The transactions reflect the growing trend of traditional financial assets being integrated into decentralized finance. SolanaThe stable performance of blockchain supports the growing demand for stablecoins.
Disclaimer
In this article, the views and opinions expressed by the author, or any person named, are for informational purposes only and do not constitute investment, financial or other advice. Trading or investing in cryptocurrency assets involves risk of financial loss.
