SOL becomes 4th in market cap, overtaking BNB
Solana (SOL) token has surpassed BNB from the Binance cryptocurrency exchange in terms of market capitalization. SOL’s capitalization reached $41.724 billion, and BNB’s capitalization was $41.721, according to CoinMarketCap. However, Solana’s trading volumes are more than three times higher than BNB’s in the last 24 hours. The price of SOL has increased by 78% over the month and by 15% in the last 24 hours amid rapid growth in market capitalization. On Dec. 20 the token overtook Ripple’s XRP in market capitalization and broke into the top 5 of the ranking. The growth of Solana’s price has caused an increase in interest in the ecosystem and activity on the blockchain. Source: CoinMarketCap The number of Google searches for “Solana” also increased by 250% from the beginning of October to the beginning of December. In addition to the network’s native token, other tokens issued on the Solana chain have also recently increased in p...