Solana Rockets Past BNB To Claim Coveted 4th Spot In Crypto Ranks

Q: How long will it take to read this news story?

The story "Solana Rockets Past BNB To Claim Coveted 4th Spot In Crypto Ranks" has 431 words across 67 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Solana Rockets Past BNB To Claim Coveted 4th Spot In Crypto Ranks" was covered 2 weeks ago by NewsBTC, a news publisher based in United Kingdom.

Q: How trustworthy is 'NewsBTC' news outlet?

NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news. The outlet is headquartered in United Kingdom and publishes an average of 10 news stories per day. It's most recent story was published 9 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23453302</li><li>URL: https://beamstart.com/news/solana-rockets-past-bnb-to-17309308721752</li></ul>

NewsBTC Logo NewsBTC 2w ago

Solana Rockets Past BNB To Claim Coveted 4th Spot In Crypto Ranks - NewsBTC

Quick Summary:

Memecoins Add To The Frenzy The memecoin mania has taken off within its network, thereby amplifying trading volume and attracting more users, which has contributed to Solana’s rally.Pump.fun, a memecoin generator, and Raydium, a decentralized exchange, have received substantial attention.Pump.fun generated $30 million in revenue in October.

According to a research by Messari, the Solana decentralized finance ecosystem is experiencing growth in terms of value locked (TVL), reaching $5.8 billion in Q3 2024.

Analyst Predicts 10-Fold Surge To Yearly Peak DeFi Expansion Boosts Solana’s Ecosystem The price and volume of token transactions are not the only factors that contribute to Solana’s growth.