Solana rose more than 30% in the last 24 hours, surpassing the $190 price level.
The chart below shows that the rapid rise in the asset’s market value is accompanied by a surge in trading volumes, underscoring the strength of the trend.
Solana edged out Dogecoin and Polkadot in the market-cap ranking, taking seventh place with a valuation of $54 billion.
Total value locked (TVL) in Solana-based decentralized applications is approaching $6 billion. The figure has roughly doubled in a month, surpassing the Polygon ecosystem’s TVL of $5.21 billion.
On August 30, Solana first surpassed the psychological $100 mark.
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