SOL Flips BNB on Back of Multi-Million Dollar Treasury Bet and DeFi Surge

Solana (SOL) regained its place as the fifth-largest cryptocurrency by market capitalization on Tuesday, surpassing BNB, as its price briefly rose above $200 for the first time since February.

As of press time, SOL is trading at around $200, up 3% on the day and surging over 28% in the past week, pushing its market cap to roughly $109.3 billion, ahead of BNB’s $106 billion, per data from The Defiant. BNB is down about 2% today to trade near $765, though the price is up about 12% over the week.

The flip comes just over five months after BNB last overtook SOL by market cap.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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