#Solana $SOL has become the fourth-largest cryptocurrency by market capitalization, reaching $88.28 billion and overtaking BNB ($85.6 billion). Over the week, #SOL has risen by 7%, over the month — by 30%, reaching $187. The market revival is partly due to Donald Trump's victory in the US elections, which added optimism: he supports cryptocurrencies, and this increases the chances of listing an exchange-traded fund (ETF) based on Solana.


Solana's DeFi ecosystem is also showing success: $6.6 billion is locked in its protocols, while BNB Chain has $4.6 billion. In addition, Solana is ahead of BNB in ​​the number of active addresses.


They have different circulation mechanisms. BNB has token burns via BEP-95, which reduces the number of tokens, while Solana uses an inflationary model where tokens are added to the network - the total supply of SOL has already reached 587 million.


I think this was bound to happen with so many memes


#Memecoin Trading#

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November 11, 2024 at 4:03 AM
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