On July 22, Solana's market cap reached $107.6 billion, reclaiming the fifth position in global cryptocurrency rankings after five months of competition with BNB.
As of July 22, Solana's market cap reached $107.6 billion, surpassing Binance Coin's $106 billion to reclaim the fifth position in global cryptocurrency rankings. This marks a significant recovery for Solana, which had previously fallen behind BNB on February 23 when BNB's market cap was $104.2 billion.