Solana’s Price Spikes 16%, Trading Volume Soars to $10B in 24 Hours!

Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Solana’s (SOL) surge in value has propelled it to become the fourth-largest cryptocurrency by market value, surpassing Binance Coin (BNB). In the past 24 hours, SOL’s price has risen by over 16% to a market value of $41.8 billion, according to CoinMarketCap. The increase in SOL’s price has also led to a significant increase in trading volume, with contract trading volume rising by 32% to more than $10 billion in the past 24 hours. With open interest Solana currently stands at $1.34 billion, Solana ranks second only to Bitcoin and Ethereum in this regard.

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