Solana is Threatening UniSwap For the 10th Biggest Crypto By Market Cap

Solana, the high-performance blockchain supporting builders worldwide creating crypto apps that scale today, is threatening UniSwap for the 10th largest crypto by market cap.

Solana image by Solana

Solana (SOL) has outdone Uniswap (UNI) and ChainLink (LINK) by market cap. It took 10th place in the crypto ranking before dropping to 11th position, sending ChainLink to 12th position.

At the time of writing, Solana (SOL) has surpassed ChainLink (LINK) by market cap. With this, it secured 11th place in the cryptocurrency ranking.

Furthermore, it is nearing the 10th position, threatening Uniswap over the past 24 hours. This is the result of an impressive increase in price. SOL saw an important rise in its price. More so, it reached a new all-time high of $63.9.

According to CoinMarketCap, SOL is trading at $62.3 at the time of writing. Yesterday, it was among the top gainer cryptos. Today, Solana (SOL) is the spotlight crypto of the day. It seems like the crypto is far from stopping.

Also, it recorded a Total Value Locked (TVL) in Solana DeFi of over $1,923,248,527.47 at press time. This means it increased by over 91.69%. However, it is still increasing at the moment.

Solana is a web-scale blockchain, providing fast, secure, scalable, decentralized apps and marketplaces. Solana set itself a goal, which is to allow transaction throughput to scale proportionally with network bandwidth serving all properties of a blockchain.