Solana surged past $100 on Saturday afternoon for the first time in 20 months, since April 2022, continuing an upswing that has catapulted SOL to a 770% gain over this time last year.

SOL is up 6% on the day, per data from CoinGecko, jumping to a current price of nearly $103 after hovering below the $100 mark the last couple days. The cryptocurrency flipped XRP on Wednesday to become the fifth-largest coin by market cap, and then flipped Binance Coin (BNB) late Thursday to land in the #4 slot.

As of this writing, Solana has a $44 billion market cap. This past week, weekly transaction volume for decentralized exchanges (DEXs) on the Solana blockchain eclipsed that of exchanges on rival Ethereum for the first time, propelled in part by a rise in popular meme coins like BONK and Dogwifhat (WIF) on Solana.

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Author: Jason Nelson,Andrew Hayward

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