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Solana, a cryptocurrency that has been making waves in the digital asset space, recently achieved a significant milestone by surpassing a $100 billion market cap. This achievement is particularly noteworthy as it outpaced the gains of both Bitcoin and Ethereum, two of the most well-known cryptocurrencies in the market.

In the past week, Solana’s price surged by an impressive 34%, reaching a high of $215. This surge far exceeded Bitcoin’s 20% gain and Ethereum’s 30% increase during the same period. Despite this remarkable performance, Solana is still trading about 60% below its peak in November 2021.

Over the weekend, Solana’s market capitalization crossed the $100 billion mark, reaching $101.6 billion. This makes Solana only the fourth digital asset to achieve this milestone, joining the ranks of Bitcoin, Ethereum, and the stablecoin Tether (USDT). This achievement underscores Solana’s growing influence and importance in the cryptocurrency market.

In addition to its market cap milestone, Solana’s price rally has also had a significant impact on its total value locked (TVL) in decentralized finance (DeFi) platforms. Data from DeFiLlama shows that Solana’s TVL now exceeds $7 billion, marking its highest level since December 2021. This growth in TVL solidifies Solana’s position as a major player in the DeFi space, with the cryptocurrency now ranking second in terms of TVL, behind only Ethereum.

Overall, Solana’s recent achievements highlight the growing interest and confidence in the cryptocurrency, as investors and traders continue to flock to the platform in search of opportunities for growth and profit. As Solana continues to expand its market presence and develop its ecosystem, it is poised to remain a key player in the ever-evolving world of digital assets.