On October 28, COINOTAG revealed that according to 8marketcap, the market capitalization of Solana has soared to an impressive 83.63 billion US dollars, marking a 2.35% increase within the last 24 hours. This significant rise has allowed Solana to eclipse the valuation of established payment platform PayPal, which holds a market cap of approximately 83.52 billion US dollars. As a result, Solana now ranks 252nd in the global asset market hierarchy, highlighting the growing adoption of blockchain technologies in mainstream finance. The upward trajectory of Solana reflects an increasing interest in decentralized finance and an expanding ecosystem that continues to attract both retail and institutional investors. Investors should remain informed of market dynamics influencing such significant movements in cryptocurrency valuations.
Source: https://en.coinotag.com/breakingnews/solana-surpasses-paypal-with-83-63-billion-market-value-a-2-35-surge-in-24-hours/