News Explorer — Solana Reenters Top 10 Cryptocurrencies, Overtaking Polygon

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May 11, 6:08 pm

Blockworks

Solana Reenters Top 10 Cryptocurrencies, Overtaking Polygon

Solana's SOL token has flipped Polygon's MATIC token to reclaim a spot in the top 10 cryptocurrencies by market cap. This comes after the Terra and FTX debacles, which caused the price of the native token for Solana's layer-1 network to collapse. Major recent events in the Solana space include the launch of the Saga smartphone and crypto wireless network Helium's move to the chain. Dogecoin (DOGE) is the next most valuable cryptocurrency at nearly $9.9 billion.

Solana's SOL token has flipped Polygon's MATIC token to reclaim a spot in the top 10 cryptocurrencies by market cap. This comes after the Terra and FTX debacles, which caused the price of the native token for Solana's layer-1 network to collapse. Major recent events in the Solana space include the launch of the Saga smartphone and crypto wireless network Helium's move to the chain. Dogecoin (DOGE) is the next most valuable cryptocurrency at nearly $9.9 billion.

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