{"id":34488,"date":"2023-12-20T12:55:00","date_gmt":"2023-12-20T12:55:00","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/12\/20\/solana-sol-flips-xrp-as-it-tops-ethereum-in-24-hr-dex-volume\/"},"modified":"2023-12-20T12:55:00","modified_gmt":"2023-12-20T12:55:00","slug":"solana-sol-flips-xrp-as-it-tops-ethereum-in-24-hr-dex-volume","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/12\/20\/solana-sol-flips-xrp-as-it-tops-ethereum-in-24-hr-dex-volume\/","title":{"rendered":"Solana (SOL) Flips XRP As It Tops Ethereum In 24-Hr DEX Volume"},"content":{"rendered":"

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In a compelling twist of occasions, Solana (SOL) has soared to grow to be the fifth high cryptocurrency by market capitalization<\/a>, surpassing XRP on December 20. Over latest weeks, the bullish momentum in SOL\u2019s worth has propelled it into the highlight, posing a problem to XRP\u2019s place amidst uneven market circumstances.<\/p>\n

Meanwhile, this surge is intricately linked to the rising reputation of the meme coin, BONK, flourishing on the Solana blockchain. So, let\u2019s have a look into the elements behind Solana\u2019s latest ascent and its worth efficiency.<\/p>\n

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Here\u2019s Why Solana Poses Challenge On XRP<\/h2>\n

The meteoric rise of Solana within the crypto hierarchy finds its roots within the success of the meme coin<\/a>, BONK. Over the previous weeks, the BONK price<\/a> has skilled a exceptional surge, marking a considerable 80% enhance in its weekly worth.<\/p>\n

Meanwhile, the catalyst for this surge lies within the meme coin\u2019s recent listings on major exchanges<\/a>, together with Binance and Coinbase. The help from these world platforms has catapulted BONK into mainstream recognition, contributing considerably to Solana\u2019s market cap ascent.<\/p>\n

In addition, Solana\u2019s latest milestone of surpassing Ethereum\u2019s 24-hour decentralized exchange (DEX)<\/a> quantity marks a pivotal second in its journey. A earlier report by CoinGape Media revealed<\/a> that Solana\u2019s proof-of-stake (PoS) blockchain has outperformed Ethereum\u2019s chain for the primary time since its launch in 2020.<\/p>\n

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This achievement is attributed to a number of elements, together with a surge in Solana Mobile purchases, substantial buying and selling volumes related to BONK, and a prevailing bullish sentiment inside the Solana ecosystem. As Solana continues to disrupt the crypto panorama, the trade eagerly watches its trajectory within the coming days.<\/p>\n

Also Read: Here\u2019s Why The Crypto Market Is Witnessing Volatile Trading, What\u2019s Next For BTC?<\/a><\/strong><\/p>\n

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