Solana Exceeds $200, Tops in Google Search Popularity
Solana’s native token saw am impressive increase in the past 24 hours despite wider market consolidation, exceeding $200. SOL is up 10.33% in the last 24 hours and is currently trading at $204.16 at press time, per CoinMarketCap.
Additionally, SOL boasts a market capitalization of over $90 billion, positioning it as the 4th largest crypto in the market.
On March 17, 2024, Solana hit past $200 mark for the first time since December 2021.
Notably, over the weekend, Solana’s network activity has surpassed that of Ethereum (ETH), thanks to SOL-based meme coins. Per DefiLlama, Solana’s total trading volume reached $3.52 billion, exceeding Ethereum’s daily volume by over $1.1 billion on March 16.
On Sunday, Solana-based BOOK OF MEME (BOME) token skyrocketed 322% in the last 24 hours. It has surpassed the $1 billion market cap mark with an impressive trading volume of $4.73 billion within a single day.
Another possible drive is attributed to Solana’s decentralized finance (DeFi) total value locked (TVL) in the past month. DefiLlama reported that the TVL has increased over 80%, marking the highest level in the past two years.
In yet another significant move, the search popularity of ‘Solana’ keyword has recorded 100 in Google Trends. This marks the highest in the past five years.
“The second highest is the search popularity of 84 in early September 2021,” said blockchain online sleuth WuBlockchain.
Data shows that as the price of SOL exceeded US$200, the search popularity of the word Solana in Google Trends has reached 100, setting a record high value in the 5-year history. The second highest is the search popularity of 84 in early September 2021. https://t.co/Gu9LtnDK3n
— Wu Blockchain (@WuBlockchain) March 18, 2024
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