{"id":12137,"date":"2024-02-14T17:02:04","date_gmt":"2024-02-14T17:02:04","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=12137"},"modified":"2024-02-14T20:38:26","modified_gmt":"2024-02-14T20:38:26","slug":"solanas-market-cap-overtakes-bnb-secures-4th-position","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/solanas-market-cap-overtakes-bnb-secures-4th-position\/","title":{"rendered":"Solana (SOL) &#8216;s market cap overtakes BNB, secures 4th position"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:37\">Solana (SOL) continues its impressive run, surging past Binance Coin (BNB) to become the fourth largest digital asset by market capitalization.<\/p>\n<blockquote>\n<p data-sourcepos=\"3:1-3:37\">You might like:\u00a0<a href=\"https:\/\/coinengineer.net\/blog\/starknet-token-airdrop-sparks-excitement-could-strk-debut-with-a-billion-dollar-market-cap\/\" target=\"_blank\" rel=\"noopener\"><strong><em>Starknet Token Airdrop Sparks Excitement<\/em><\/strong><\/a><\/p>\n<\/blockquote>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/solanas-market-cap-overtakes-bnb-secures-4th-position\/#Solanas_Ascent\" title=\"Solana&#8217;s Ascent\">Solana&#8217;s Ascent<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/solanas-market-cap-overtakes-bnb-secures-4th-position\/#DEX_Dominance\" title=\"DEX Dominance\">DEX Dominance<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 data-sourcepos=\"14:1-14:20\"><span class=\"ez-toc-section\" id=\"Solanas_Ascent\"><\/span>Solana&#8217;s Ascent<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-sourcepos=\"16:1-16:131\">The past week has been stellar for SOL, soaring 20% and eclipsing the market cap of its close competitor, BNB. This impressive jump reflects growing investor confidence in Solana, despite navigating network outages and its previous connection to the defunct FTX exchange.<\/p>\n<p data-sourcepos=\"20:1-20:236\">Solana&#8217;s DeFi sector is thriving, with the total value locked (TVL) approaching the coveted $2 billion mark. This 20-month high highlights the significant DeFi activity on the blockchain, demonstrating resilience after the FTX collapse.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"DEX_Dominance\"><\/span>DEX Dominance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-sourcepos=\"24:1-24:253\">Decentralized exchanges (DEXs) on Solana are seeing tremendous growth, with over $9 billion in trades this month alone. This surpasses nearly half of the volume recorded last month, showcasing the platform&#8217;s growing popularity for decentralized trading.<\/p>\n<p data-sourcepos=\"28:1-28:229\">Phantom, a leading crypto wallet for the Solana ecosystem, has witnessed a remarkable increase in active users, tripling its base over the past year. This surge aligns with the broader DeFi and DEX activity flourishing on Solana.<\/p>\n<p data-sourcepos=\"32:1-32:8\">Solana&#8217;s recent milestones demonstrate its potential to be a major player in the blockchain space. With its thriving DeFi ecosystem and growing adoption, it will be interesting to see if VanEck&#8217;s prediction of SOL becoming a top-three blockchain network comes true by the end of the year.<\/p>\n<hr \/>\n<p><em>In the comment section, you can freely share your comments about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana (SOL) continues its impressive run, surging past Binance Coin (BNB) to become the fourth largest digital asset by market capitalization. You might like:\u00a0Starknet Token Airdrop Sparks Excitement Solana&#8217;s Ascent The past week has been stellar for SOL, soaring 20% and eclipsing the market cap of its close competitor, BNB. This impressive jump reflects growing<\/p>\n","protected":false},"author":1,"featured_media":12140,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[40,319,1767,3165],"class_list":["post-12137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bnb","tag-solana","tag-solana-sol","tag-tvl"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solana (SOL) &#039;s market cap overtakes BNB, secures 4th position - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Solana continues its impressive run, surging past Binance Coin (BNB) to become the fourth largest digital asset by market capitalization.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/solanas-market-cap-overtakes-bnb-secures-4th-position\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana (SOL) &#039;s market cap overtakes BNB, secures 4th position - 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