{"id":15598,"date":"2024-07-26T19:38:18","date_gmt":"2024-07-26T16:38:18","guid":{"rendered":"https:\/\/forklog.com\/en\/solana-surpasses-bnb-in-market-capitalisation\/"},"modified":"2024-07-26T19:38:18","modified_gmt":"2024-07-26T16:38:18","slug":"solana-surpasses-bnb-in-market-capitalisation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/solana-surpasses-bnb-in-market-capitalisation\/","title":{"rendered":"Solana Surpasses BNB in Market Capitalisation"},"content":{"rendered":"

Amidst the market’s recovery following a correction, the cryptocurrency Solana (SOL) has surged by approximately 6.5% over the past day, allowing it to surpass BNB in terms of capitalisation.<\/p>\n

<\/p>\n

\"sms-2\"
Source: CoinMarketCap<\/a>.<\/figcaption><\/figure>\n

The total market value of SOL stands at $84.46 billion, while BNB’s corresponding figure is $84.39 billion, according to CoinMarketCap.<\/p>\n

The screenshot below provides a comparison of the assets based on FDV.<\/p>\n

\"fdv\"
Source: CoinGecko<\/a>.<\/figcaption><\/figure>\n

BNB’s figure is significantly lower, which may largely be attributed to the quarterly coin burns. <\/p>\n

The DeFi ecosystem based on Solana also surpasses BNB in TVL<\/span> \u2014 $5.35 billion compared to $4.75 billion.<\/p>\n

\"tvl-7\"
Source: DeFi Llama<\/a>.<\/figcaption><\/figure>\n

The largest share of this figure is attributed to the Solana application Jito for liquid staking ($2.16 billion). The most popular dapps<\/span> based on BNB are Venus and PancakeSwap ($1.64 billion and $1.63 billion respectively).<\/p>\n

Earlier, the Solana team allocated $1 million for bug bounties in the first version of the Firedancer client for validators. This initiative aims to enhance the resilience and speed of the decentralised system.<\/p>\n","protected":false},"excerpt":{"rendered":"

Amidst the market’s recovery following a correction, the cryptocurrency Solana (SOL) has surged by approximately 6.5% over the past day, allowing it to surpass BNB in terms of capitalisation.<\/p>\n","protected":false},"author":1,"featured_media":15597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1307,1159],"class_list":["post-15598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bnb-chain","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15598"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15598\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15597"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}