Solana has undoubtedly been one of the most-watched L1 blockchains in this bull market. Benefiting from the meme coin track, it has garnered the most attention, and its price has remained strong this year. After briefly surpassing $240 yesterday evening, SOL has now officially surpassed BNB to become the third largest token after BTC and ETH. (Excluding the stable coin USDT.)

At the time of writing, SOL is temporarily trading at $238.8, leaving less than 9% to reach its all-time high of $259 during the 2021 bull market.

SOL's Market Cap Exceeds Starbucks and Sony

According to 8marketcap data, Solana's market cap has now reached $113 billion, ranking 164th in the global asset market capitalization ranking, even surpassing Vanguard, one of the largest fund management companies in the United States, the well-known catering brand Starbucks, and the electronics giant Sony.

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