Solana cryptocurrency (SOL) has succeeded in occupying the fourth place in the list of the largest cryptocurrencies by market capitalization, after it succeeded in surpassing the ADA and Cardano coins. Stable Tether (USDT).
The total net market capitalization of Solana (SOL) tokens on Sunday evening exceeded the $76 billion mark, slightly ahead of Binance Coin (BNB) and Ethereum (ETH) ) and Bitcoin (BTC), which tops the list with a market value of about $1.17 trillion.
Coin Telegraph reported that the market value of Solana's original token (SOL) rose to another record high. Yesterday, the price of the coin crossed $262 for the first time in history, mainly due to the high prices at a market level that saw the prices of other cryptocurrencies rise similarly.
Meanwhile, Solana has received additional bullish signals from Solana's Web3 game development venture through its venture capital arm. The company, called Solana Ventures, announced Friday that, along with FTX and Lightspeed Venture Partners, it will invest $100 million in game studios and the tech sector.
By doing so, Solana Ventures aims to attract computer and mobile video game developers to build their projects on the public blockchain, thereby significantly raising the potential for SOL adoption. Bigger.
A similar adoption boom in 2021 helped SOL price rise nearly 17,500% year-to-date - from $1.51 to $262.45.
