Binance Coin (BNB) is the fifth biggest digital asset in the market after surpassing Solana (SOL) in market capitalization value. The rise of BNB market value shows in its price strength but Solana shows price weakness.
According to recent data BNB surpasses SOL’s market worth by $8.5 billion with a strengthening total market value of $102.9 billion. The asset rose by 11.8% during the last 24 hours before reaching an intraday peak at $720 and settling near the $705 level.
Solana Struggles with Losses and Market Instability
Over the past week BNB gained 22% in value surpassing both market and blockchain sectors that remained mostly flat. The exchange experienced 4.3% market expansion in 2 weeks and grew by 2.7% during the last month.
Solana has experienced tougher times meeting 4.1% drop last week and following its loss of 19.2% value over the past two weeks. Since its price drop SOL demonstrated unstable movement until it reached stability at $193 between $189 and $200.
Market volatility sends most altcoins into decline but also impacts OM and RAY. Bitcoin halted its upward trend at $98,000 before retreating to $96,000 and pushing the entire market sector into an $80 billion loss the following day.
BNB fares well in the market when Binance introduces news about upgrading its Binance Smart Chain network in 2025. BNB received a boost from news about upcoming Binance Smart Chain updates which added AI and gasless payment features plus faster processing to drive its price rise.
In a recent X post, Binance co-founder and ex-CEO Changpeng Zhao announced the update, amongst which are faster block times and AI integration.
Solana DEXs Handle 45% of Total Crypto Swap Trades
The BSC network experienced strong growth according to on-chain statistics because transaction fees rose by 115% over seven days. Ethereum Base and Solana observe shrinking network activity levels.
The U.S. SEC decided to place a temporary hold on its legal fight against Binance for sixty days which strengthened the market’s positive outlook on BNB. The temporary legal pause between Binance and SEC lifted investor faith which helped BNB continue to rise.
Despite SOL’s price problems Solana keeps dominating the retail decentralized exchange market. Research findings show that DEXs on Solana handle 45% of total swap trades with 60% of activity happening on Pump.fun.
The public demand for buying Solana tokens on Google reached new heights during October 2021 due to the launch of the Official Trump token. Presently BNB leads SOL in market value but both blockchains actively compete with each other in the crypto market.
The ongoing dispute between Binance and Solana for crypto market control will determine who succeeds. Investors will follow the developments of both networks because changing market conditions affect future plans in crypto.
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