Solana’s price soars 16%, and trading volume soars to $10 billion in 24 hours!

author: Mustafa Mullah

Mustafa has been writing about blockchain and cryptocurrencies for several years. He has previous trading experience and has been working in the fintech industry since 2017.

December 22, 2023 9:01

Solana (SOL) has surged in value, surpassing Binance Coin (BNB) to become the fourth-largest cryptocurrency by market cap. In the past 24 hours, the price of SOL has risen more than 16%, reaching a market value of $41.8 billion, according to CoinMarketCap. The rise in SOL’s price has led to a significant increase in trading volume, with contract volume increasing 32% in the last 24 hours to over $10 billion. In terms of open interest, Solana is currently worth $1.34 billion, which puts Solana in second place behind Bitcoin and Ethereum.