With the latest bullish wave, Solana has surpassed XRP in terms of market cap to take the sixth place.
Leading smart contract platform Solana continues its rise. Solana has risen 10% in the last 24 hours, reaching the level of $ 212. Although it did not manage to break its record at $ 216, it reached a market value of $ 62 billion, surpassing XRP and rose to 6th place. The gap between them and Cardano, which is ahead of Solana and has a market value of 68 billion dollars, is narrowing.
On the other hand, various factors such as the announcement of DeFi, NFT and DAO may have played a role in the rise of Solana. As we announced earlier, Solana’s total value (TVL) locked in DeFi set a new record with $13.5 billion. Also, the sale of NFT Tungsten cubes on the network enabled crypto-asset think tank Coin Center to raise approximately $100,000. Additionally, Solana announced the beta release of Squads, a tool to help people build decentralized autonomous organizations, or “DAOs,” on the network.
Solana is trading at $208 at the time of publication.