The price of Solana has recorded an increase of more than 30% over the past day, which has resulted in it surpassing $190.
Moreover, according to data provided by CoinMarketCap, the rapid growth in the asset's market value is accompanied by an increase in trading volumes, which emphasizes the strength of the trend.
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As a result of this rebound, Solana has overtaken Dogecoin and Polkadot in the ranking of largest cryptos by capitalization, ranking seventh with $54 billion.
Now the price of the crypto has slightly fallen to $185.94.
The total value locked (TVL) in decentralized apps powered by Solana is approaching $6 billion after doubling in about a month, thus surpassing Polygon's TVL ($5.21 billion).