Solana (SOL) Becomes 6th Largest Crypto Asset By Market Capitalization

DeFi platform Solana (SOL) claimed the position as the sixth-largest cryptocurrency market capitalization. Solana’s overall market cap currently stand at little over $61 billion, 8 billion below Tether and 10 billion below Cardano.

Solana (SOL) took over the sixth position in terms of the world’s largest crypto market valuations. At the time of writing SOL is swapping for over $201 per unit and is up 26% on a weekly chart. After the digital currency captured the sixth largest crypto position, a great number of people took to it to social media to exchange views.

Hashtag #solana had around 97,900 tweets with the hashtag present in the tweet. The fourth-largest market cap holder, cardano (ADA) has lost 1.0% during the last seven days and if SOL keeps up the pace, ADA could lose its position. ADA already dropped to the fifth position after it held the third-largest crypto market cap for months, currently sitting at fourth. Each ADA is currently trading at $2.16 and the crypto asset has a market valuation of around $71 million which is less than 11% higher than solana’s.

Now, year-to-date, ADA has seen massive gains collecting more than 1,936% in value. However, Solana’s year-to-date gains have been considerably larger as SOL investors made 10,868% in gains. While the crypto Solana is doing better than cardano price-wise, SOL also has $6.57 billion in 24-hour global trade volume, while ADA has $2.1 billion today.