BNB and SOL market capitalization competition: Who will take the “third largest coin” throne?

Author: shushu; Source: Block Rhythm

The fourth and fourth place on the cryptocurrency market capitalization rankings The competition among the five has been fierce, with BNB and SOL competing to rise. As of writing, the price of BNB is US$618.5 and the price of SOL is US$168, with 24-hour increases of 16% and 12.5% ​​respectively.

BNB broke through to $630 this morning, an increase of less than 10% from the all-time high of $690, while SOL is still more than 50% away from the previous high of $260. % increase.

Binance Launchpool: The magic weapon for BNB’s breakthrough

On March 6, Binance’s new currency mining project launched the 48th phase of AEVO (AEVO), a decentralized derivatives trading platform. On March 12, Binance Launchpool launched ether.fi (ETHFI), a re-staking project.

The main reason for the rising price of BNB is the continued efforts of Binance Launchpool. From AI to games to restaking, Binance uses BNB to mine coins. A direct factor in the rise.

Last night, BNB Chain announced the launch of its "Airdrop Alliance Plan", covering cooperation between BNB Chain and ecological partners in the ecosystem. These projects have not yet been released. tokens to give back to the community by providing airdrops to retroactive users on BNB Smart Chain (BSC) and opBNB. This news also prompted BNB price to continue its upward breakthrough.

The sustainable development of Solana Ecosystem

Recently, not only SOL is outstanding, but also the Solana ecological project Token prices have also experienced general increases, among which:

RAY has increased by 15.22% in 24 hours, temporarily reporting at US$1.5216;

MOBILE increased by 47.4% in 24 hours, temporarily reported at US$0.006315;

BONK increased by 12.25% in 24 hours, temporarily reported at US$0.00003252 ;

WIF rose 26.01% in 24 hours, temporarily trading at $2.7418;

JUP 24 The hourly increase reached 13.99%, and it was temporarily reported at US$0.9316;

Wen's 24-hour increase was 32.5%, and it was temporarily reported at US$0.0003573.

The price of SOL has been rising steadily in this cycle, and Solana ecological projects have also been steadily launched following Solana’s pace. DeFi, Depin and The blooming of AI and other sectors has allowed Solana's TVL to rise all the way, with TVL reaching US$3.6 billion at the time of writing.

It goes without saying how powerful the meme coins in the Solana ecosystem are. Among them, WIF, the most representative one, currently ranks 52nd in market capitalization. It has gone from an unknown hat dog to one that may now be on the Las Vegas ball. Theater MSG Sphere, this is another meme carnival.

In addition to memes, DeFi projects in the Solana ecosystem also performed well, the most representative of which is Jupiter. On March 7, Jupiter launches Genesis Voting, and all votes (including Genesis Voting) will receive incentives, including Launchpad fees from JUP and WEN issuance and upcoming projects.