Solana (SOL) is experiencing a meteoric rise, recently surpassing XRP to claim the fifth spot in cryptocurrency market cap rankings. Propelled by its burgeoning DeFi 2.0 ecosystem, SOL's trading volume has overtaken Ethereum's on decentralized exchanges, reaching $9.03 billion. The Total Value Locked (TVL) in Solana has hit a new high of $1.20 billion, indicating strong investor confidence. Key drivers include the liquid staking protocol Jito, contributing significantly to the ecosystem's liquidity. As SOL aims for the $100 milestone, its sustained growth and market dominance become increasingly evident.
