Solana Overtakes XRP as 5th Largest Crypto, Defies FTX Fallout with $33B Market Cap, Soaring DeFi Growth
• Solana (SOL) has surpassed XRP as the 5th largest crypto with a market cap over $33B • Total value locked in Solana DeFi topped $1B, spurred by rising asset prices and inflows after FTX collapse • Meme coin mania on Solana, like dog-themed token Bonk with $1.2B market cap, is driving trading volume • Solana has shown improved stability and distanced itself from FTX bankruptcy • SOL price up 9% to over $81 with 24hr trading volume up 39% to $2.6B