Solana Beats Binance’s BNB Coin in Market Cap

Krutika Adani

Solana Surpasses Binance

Solana has surpassed Binance’s BNB Coin in terms of market cap after SOL witnessed a strong growth

Factors Supporting Solana’s Growth

Strong ecosystem growth and a solid memecoin presence has helped SOL gain price despite volatile markets.

Will Solana’s Surge Sustain

Solana has recently crossed almost all major resistances and might soon create a new ATH. The rally in its price could sustain if there is no major fall in crypto markets.

BNB Still Has Edge

BNB still has over 5000 dapps on its chain compared to around 300 dapps on Solana. Further, the ultra low fee on BNB makes transcations virtually free.

Can Solana Offer Ultra Low Fees

Solana also has a low fee, which might compete with BNB, but since BNB is backed by the Binance exchange, its fees might always remain lower than that of Solana.

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