traded at $244 per coin<\/a> and has a total market capitalization of more than $114 billion.<\/p>\nFeatured image from ByteTree, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Solana (SOL) has emerged as a winner in the digital asset landscape as it captured the title of being the most popular blockchain ecosystem in 2024, according to the latest ranking of CoinGecko. Related Reading: Shiba Inu (SHIB) Ready To Roar! Analyst Calls For A 200% Spike The virtual coin outperformed some of the well-known cryptocurrencies in the market, an indicator of the crypto\u2019s growing appeal to investors worldwide. Solana Bags No. 1 Spot Solana seized the top spot in the ranking of blockchain ecosystems in the crypto space. This is an important feat that shows the capability of the coin to dominate the digital currency market. CoinGecko revealed that from January 1 to November 11, 2024, the global traffic share of Solana has outdone its fellow cryptos, saying that SOL holds nearly 39% of all investor interests worldwide. SOL\u2019s global shares are more than twice the share of Base, which occupies second place with 16.81%, showing its commanding lead among blockchain ecosystems. CoinGecko attributed the SOL\u2019s prominence to the Pump.fun platform, which Solana launched in January this year. The platform played a crucial role in sparking the interest in SOL. The crypto market analyst added that Solana\u2019s \u201cspeed and low gas fees\u201d were also major contributors to its popularity among investors. Meanwhile, the data aggregator website noted that although Solana led the top of the blockchain ecosystems ranking, the coin\u2019s share of investor interest has decreased by 10.5%. In contrast, other ecosystems have gone up to get more global shares. The Pump.fun Effect Analysts said that one of the major drivers in the huge interest in SOL is the Pump.fun. Solana introduced the new platform in January, boosting the coin\u2019s customer engagement and leading to more interest in it. Solana boasted that Pump.fun is viewed as its \u201cfastest trading terminal,\u201d which can also be used for \u201cnon-custodial wallet creation through emails.\u201d Data showed that over 2.5 million tokens have been deployed with the use of the platform, noting that Pump.fun has become famous in the meme coin community for its low transaction costs. Related Reading: Mantra (OM) Hits New ATH On 132% Weekly Surge \u2013 Details ETF Listing By 2025 Matthew Sigel, head of digital asset research at VanEck, believed that Solana could get an ETF listing by 2025, showing confidence that SOL will get US approval next year. Sigel said that the odds are in favor of Solana, saying that an ETF listing by 2025 is \u201coverwhelmingly high.\u201d He suggested that US President-elect Donald Trump\u2019s stance on cryptocurrencies could be a deciding factor in SOL\u2019s campaign for an ETF listing since Trump projects a more friendly approach to cryptocurrencies. As of writing, SOL is being traded at $244 per coin and has a total market capitalization of more than $114 billion. Featured image from ByteTree, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":653699,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,1020,6664,12837,83626],"class_list":["post-653684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-blockchain","tag-crypto","tag-sol","tag-solana"],"acf":[],"yoast_head":"\n
Solana: 2024 Sees Global Crypto Love Surge Nearly 40%<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n