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Solana’s native cryptocurrency has witnessed a remarkable surge, climbing over $200 in the last 24 hours, now trading at $202.96. This impressive 11.96% increase positions Solana as the fourth largest crypto by market capitalization, now exceeding $90 billion. This milestone marks the first time Solana has breached the $200 barrier since December 2021, signaling strong investor confidence and market momentum.
Driving this surge, Solana’s network activity overtook Ethereum’s, largely due to the popularity of SOL-based meme coins. Notably, the BOOK OF MEME token surged by 322%, boasting a market cap over $1 billion and a trading volume of $4.73 billion in a single day. Additionally, Solana’s DeFi sector has seen an 80% increase in TVL, reaching its highest level in two years.
Adding to Solana’s achievements, Google Trends data reveals a peak search popularity score of 100 for “Solana,” the highest in the past five years and a substantial increase from the second-highest score of 84 in early September 2021. This surge in interest not only highlights Solana’s growing appeal but also sets a new benchmark in its five-year history, showcasing the cryptocurrency’s escalating prominence and investor interest.
