Solana (SOL) has surpassed the $100 billion market cap threshold, reaching $102.6 billion due to significant price increases.
Growth of Solana's Market Cap
As of July 21, 2025, SOL's market cap increased by 6.7% in the past 24 hours, reaching $102.6 billion. This market cap rise came after the token hit a daily price peak of $191.52.
Reasons for Increased Interest in the Token
In recent weeks, SOL has surged by 25.7% in two weeks and 34.8% in the past month. A key factor driving this surge is the launch of the REX-Osprey SOL + Staking ETF, which has attracted nearly $100 million in assets. Institutional interest has also been rising, with companies like SOL Strategy and DeFi Development Corp actively accumulating SOL tokens.
Current Market Position
Currently, SOL ranks sixth among the top cryptocurrencies by market cap, just $9 billion behind Binance Coin, rated at $111 billion. Solana maintains its position well above USD Coin with a substantial margin of nearly $40 billion.
The recovery of Solana's market cap to $100 billion reflects rekindled interest in the token and its price growth, which may positively impact the project's future development.
