Solana (SOL) and Cardano (ADA), both considered rivals to Ethereum, the dominant blockchain in the crypto sector, have been vying for dominance since the 2021 digital asset market bull run. Currently, SOL holds the upper hand with a market capitalization of $70.92 billion, surpassing ADA’s valuation of $12.95 billion.
Market Capitalization Comparison
Solana (SOL) with a market cap of $70.92 billion significantly outpaces Cardano (ADA), whose market valuation stands at $12.95 billion.
Recent Price Action and Trading Volume
In the past 24 hours, SOL climbed a remarkable 9.25% and is trading at $151.35 at the time of writing, while ADA is up only 3.99% and is priced at $0.3602. The trading volume of SOL rose roughly 5.04% and is now at $3 billion, whereas ADA’s trading volume dropped 3.90% and sits at $288 million, suggesting that Solana appears more attractive to investors. In the past seven days, SOL surged a substantial 12.78% and is up 5.16% in the last 30 days. Meanwhile, ADA rose only a mere 1.14% in the past week and 0.72% in the past month.
Why Solana Leads?
SOL became widely popular after pump.fun’s debut but ADA hasn’t witnessed a similar rally.
Solana demonstrates significant growth and attracts more investors compared to Cardano, reflecting the differences in market capitalization and trading volume.
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