The capitalization of the Solana cryptocurrency reached $33.51 billion. This asset is one of the five largest cryptocurrencies by this indicator and has surpassed Ripple (XRP), Dogecoin, TRON and other coins.
The Solana (SOL) cryptocurrency took fifth place in terms of capitalization. According to CoinMarketCap , it has surpassed Ripple (XRP), Dogecoin, TRON and other assets in this indicator.
On December 20, 2023, SOL’s capitalization reached $33.51 billion. Note that at the beginning of the month this figure was $25 billion.
Market capitalization is the current market value of a cryptocurrency. It is calculated by multiplying the number of assets in circulation by the current value of the token.
The top three for this indicator are Bitcoin, Ethereum and the USDT stablecoin. In early December, USDT’s capitalization reached $90 billion for the first time.
The number of locked funds in smart contracts (TVL) of the Solana network is also growing. amounted to in October 2023. At the time of publication, the project's TVL exceeded $1.11 billion, more than tripling, according to DeFiLlama .
At the time of publication, the SOL token is trading around $76.9, according to CoinMarketCap . Analysts at the investment company VanEck believe that by 2030 the price of the asset could exceed $3,200.
Let's remember that Solana's popularity on Google increased by 250% in two months. Solana Labs co-founder Anatoly Yakovenko talked about how he tried to interest investors in the idea of the project.
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