Daily Solana (SOL) market cap history up to January 30, 2025

Published by
Raynor de Best,
Jan 31, 2025
The market cap of Solana, a cryptocurrency connected with Decentralized Finance or DeFi, grew by 400 percent in the summer of 2021. Originally launched only in April 2020, the rapid growth in 2021 made the digital coin one of the biggest in the world in terms of market capitalization. The altcoin's move into the spotlight coincided with the growing interest in NFTs and especially DeFi, as Solana is one of the biggest blockchains in this world. It is seen as a direct competitor to Ethereum, in that it can power decentralized applications, but in a more efficient way. Solana is said, for instance, to reach transaction speeds that are similar to a VISA transaction whilst using far less energy than Bitcoin miners.

Market capitalization of Solana (SOL) from June 2020 to January 30, 2025 (in billion U.S. dollars)

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Release date

January 2025

Region

Worldwide

Survey time period

June 2020 to January 30, 2025

Special properties

Monthly figures are as of the last date of that particular month; Percentage changes have been calculated by Statista

Supplementary notes

Figures have been rounded.

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