Cryptocurrency news

Solana surpassed BNB by market capitalization

Forklog / 26.07.2024 / 16:47
Solana surpassed BNB by market capitalization

Against the background of the market recovery after the correction, the Solana (SOL) cryptocurrency has grown by ~6.5% over the past day, which allowed it to outpace BNB in capitalization.

Data: CoinMarketCap.

The total value of SOL traded on the market is $84.46 billion; the corresponding BNB figure is $84.39 billion, according to CoinMarketCap.

The screenshot below shows a comparison of assets by FDV.

Data: CoinGecko.

BNB's index is significantly lower, which may be largely due to quarterly coin flares. 

https://forklog.com/cryptorium/chto-takoe-szhiganie-monet-i-kak-ono-vliyaet-na-tsenu

The Solana-based DeFi ecosystem is also ahead of BNB in TVL — $5.35 billion versus $4.75 billion.

Data: DeFi Llama.

The largest share of the indicator is accounted for by Solana, the Jito application for liquid staking ($2.16 billion). The most popular BNB—based dapps are Venus and PancakeSwap ($1.64 billion and $1.63 billion, respectively).

Earlier, the Solana team allocated $1 million to search for bugs in the first version of the client for Firedancer validators. The latter is designed to increase the stability and speed of a decentralized system.

https://forklog.com/exclusive/vyrastet-li-solana-do-400-posle-reliza-firedancer
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