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Solana (SOL) has surged past Binance Coin (BNB) to become the fourth largest cryptocurrency, with a market cap of $97.68 billion, representing 3.66% of the $2.67 trillion crypto economy. Over the past week, SOL has gained 28.4%, and its price has increased by 43.2% over the last month. In the past 12 months, Solana has seen a staggering 300% growth.
This momentum highlights a growing interest in layer-one solutions, as SOL becomes the seventh most traded crypto asset, with a 24-hour trading volume of $7.16 billion. The top trading pairs for Solana include USDT, USD, KRW, and BTC. SOL's strong performance is driven by enthusiasm for decentralized solutions and signals a shift in crypto market dynamics.
With 9.1 million holders, the top 100 wallets control 22.76% of SOL’s supply, showing a high concentration of ownership. As Solana continues to rise, it will be interesting to watch how it shapes the future of decentralized finance (DeFi) and the broader crypto market.
This momentum highlights a growing interest in layer-one solutions, as SOL becomes the seventh most traded crypto asset, with a 24-hour trading volume of $7.16 billion. The top trading pairs for Solana include USDT, USD, KRW, and BTC. SOL's strong performance is driven by enthusiasm for decentralized solutions and signals a shift in crypto market dynamics.
With 9.1 million holders, the top 100 wallets control 22.76% of SOL’s supply, showing a high concentration of ownership. As Solana continues to rise, it will be interesting to watch how it shapes the future of decentralized finance (DeFi) and the broader crypto market.
