Solana (SOL) Experienced Surging DEX Volume, Token Gains, and Market Cap Milestones
Bitget2024/03/19 07:27
By:Bitget
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Solana has recently witnessed an extraordinary surge in its DEX volume, surpassing a remarkable milestone of $3.5 billion. This surge coincides with the emergence of several meme coins on the Solana network, including PENG, Dogwifhat (WIF), and Book of Meme (BOME). As a result, Solana's native token (SOL) has experienced substantial gains, approaching the $200 mark and achieving a market cap exceeding $84.5 billion, a level not seen since November 2021.
Furthermore, Solana's impressive performance has propelled SOL to become the 4th largest cryptocurrency by market cap, surpassing BNB. Despite market corrections affecting other assets, Solana has demonstrated resilience, with minimal declines in SOL's price and market cap. SOL's current trading price hovers around $190, edging closer to its previous all-time high of $260.
Moreover, Solana's Total Value Locked (TVL), which includes liquid staking, has surpassed BNB Chain for the first time, underscoring the network's growing prominence in the DeFi ecosystem.
Futures Market Updates
Both Bitcoin and Ether futures experienced an increase in total open interest and volume. Liquidations for long positions significantly exceeded liquidations for short positions, while long/short ratios are balanced for both tokens.
Bitcoin Futures Updates
Total BTC Open Interest: $34.83B (+1.35%)
BTC Volume (24H): $91.36B (+7.13%)
BTC Liquidations (24H): $71.14M (Long)/$26.68M (Short)
Long/Short Ratio: 50.02%/49.98%
Funding Rate: 0.0138%
Ether Futures Updates
Total ETH Open Interest: $13.13B (+0.86%)
ETH Volume (24H): $41.42B (+15.25%)
ETH Liquidations (24H): $56.09M (Long)/$14.17M (Short)
Long/Short Ratio: 50.98%/49.02%
Funding Rate: 0.0196%
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
25 Days, Four Launches in Sight! Rocket Lab (RKLB.US) Accelerates Rocket Launches to Advance Its Ambitious "Space AI Infrastructure" Goals
After another successful mission, Rocket Lab's 97th Electron rocket is now positioned at the launch pad. This flight will be Rocket Lab's fourth launch in 25 days and its 18th launch in 2026.
智通财经•2026/09/21 08:41
Cardano’s x402 integration lets AI agents pay for APIs directly in ADA
Cryptonomist•2026/09/21 08:33
Societe Generale’s cost-cut plan targets €1.9B in savings by 2029
Cryptonomist •2026/09/21 08:06
Crypto prices
More
Bitcoin
BTC
$82,177.78
+2.28%
Ethereum
ETH
$2,681.14
+4.04%
Tether USDt
USDT
$0.9997
+0.01%
BNB
BNB
$773.76
+3.29%
XRP
XRP
$1.45
+4.95%
USDC
USDC
$0.9998
-0.00%
Solana
SOL
$113.45
+4.80%
TRON
TRX
$0.3433
+0.50%
Zcash
ZEC
$1,506.17
+4.41%
Hyperliquid
HYPE
$94.68
+4.35%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now