Since Donald Trump’s reelection as US president, Bitcoin and Ethereum have drawn substantial consideration with notable worth will increase. Nonetheless, Solana has quietly outperformed these two giants within the digital asset area.
Information from CryptoSlate signifies Solana’s worth has surged over 34% prior to now week to as excessive as $215, surpassing Bitcoin’s 20% acquire to a brand new all-time excessive of over $82,000 and Ethereum’s 30% enhance to greater than $3200.
Nonetheless, regardless of this spectacular rally, SOL nonetheless stays about 60% beneath its November 2021 peak of roughly $260.
Nonetheless, the worth surge has propelled Solana into the unique group of cryptocurrencies with market caps of over $100 billion.
Over the weekend, Solana’s market capitalization crossed the $100 billion threshold, reaching $101.6 billion. This achievement makes it solely the fourth digital asset to hit this milestone, becoming a member of Bitcoin, Ethereum, and the stablecoin Tether (USDT).
Furthermore, this worth rally has additionally fueled Solana’s fast DeFi complete worth locked (TVL) rise. Information from DeFiLlama exhibits that Solana’s TVL now exceeds $7 billion, marking its highest stage since December 2021.
Solana presently ranks second in DeFi TVL, trailing solely Ethereum, which maintains a dominant place with greater than $60 billion in locked property.
