Since Donald Trump’s reelection as US president, Bitcoin and Ethereum have drawn substantial consideration with notable value will increase. Nevertheless, Solana has quietly outperformed these two giants within the digital asset house.
Information from CryptoSlate signifies Solana’s value has surged over 34% previously 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% improve to greater than $3200.
Nevertheless, regardless of this spectacular rally, SOL nonetheless stays about 60% beneath its November 2021 peak of roughly $260.
Nonetheless, the value 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 value rally has additionally fueled Solana’s speedy DeFi complete worth locked (TVL) rise. Information from DeFiLlama reveals that Solana’s TVL now exceeds $7 billion, marking its highest degree since December 2021.
Solana at the moment ranks second in DeFi TVL, trailing solely Ethereum, which maintains a dominant place with greater than $60 billion in locked belongings.
