{"id":598503,"date":"2024-03-18T19:00:16","date_gmt":"2024-03-18T19:00:16","guid":{"rendered":"https:\/\/ktsl888.com\/?p=598503"},"modified":"2024-03-18T14:06:49","modified_gmt":"2024-03-18T14:06:49","slug":"solana-ethereum-surge-200","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/solana\/solana-ethereum-surge-200\/","title":{"rendered":"Solana Surpasses Ethereum In Major Metric Amid Surge Above $200"},"content":{"rendered":"

Solana has recently become one of the trendiest cryptocurrencies in the space, <\/span>capturing the interest <\/span><\/a>of both crypto investors and enthusiasts in the space. The popular cryptocurrency has witnessed a significant <\/span>surge in network activity<\/span><\/a>, surpassing even that of Ethereum, the world\u2019s second-largest cryptocurrency.\u00a0<\/span><\/p>\n

Solana Outpaces Ethereum Network Activity<\/h2>\n

On March 16, Solana experienced a major increase in its overall network activity, pushing its capacity to its limits amidst the growing demands. The network had surged past <\/span>Ethereum\u2019s total trading volume<\/span><\/a> and exceeded its daily trading volume by more than $1.1 billion, according to <\/span>data<\/span><\/a> by DefilLama.\u00a0\u00a0\u00a0<\/span><\/p>\n

Related Reading: Crypto Analyst Predicts Further Upside For Shiba Inu, Here\u2019s The Target<\/a><\/div>\n

Specifically, Solana\u2019s 24-hour <\/span>trading volume<\/span><\/a> had recorded almost $3 billion, surging past Ethereum\u2019s daily volume of $2.04 billion. During the surge, the network witnessed an unprecedented amount of trading activities, which resulted in failed transactions and a surge in ping times.\u00a0<\/span><\/p>\n

As <\/span>highlighted<\/span><\/a> by Solana Validator, the cryptocurrency network\u2019s ping time on March 18, had jumped to a staggering 46 seconds, causing about a 30% to 40% failed transactions. The validator\u2019s report also revealed a steady and rapid increase in <\/span>Solanan\u2019s transaction count<\/span><\/a>, recording over 276 million transactions at the time of writing, with about 2,107 transactions per second.\u00a0<\/span><\/p>\n

This rise in <\/span>Solana\u2019s network activity<\/span><\/a> has been attributed to the surge in interest in <\/span>Solana-based meme coins<\/span><\/a>. On Thursday, March 14, degens eagerly sought after a new meme coin called <\/span>Book of Meme (BOME)<\/span><\/a>, which had experienced an unprecedented bullish spike that triggered its market capitalization to rise from almost zero to a staggering $1.45 billion.\u00a0<\/span><\/p>\n

During these periods, the <\/span>price of Solana<\/span><\/a> also rallied alongside, witnessing an unexpected price surge that propelled it by more than 30% in the past week. The cryptocurrency has been on a steady momentum since the beginning of the year, displaying slight <\/span>price corrections<\/span><\/a> before continuing on its upward trajectory.\u00a0<\/span><\/p>\n

SOL Price Rides The Bullish Wave<\/h2>\n

Amidst Solana\u2019s burgeoning popularity and rising transaction volumes, the cryptocurrency saw a <\/span>price increase to more than $200<\/span><\/a>, reflecting a daily surge of approximately 8.9%, at the time of writing. The cryptocurrency\u2019s <\/span>market capitalization<\/span><\/a> is also up by 11.10%, recording over $89 billion and steadily closing towards the $100 billion mark.\u00a0<\/span><\/p>\n

Related Reading: XRP Records Massive 80% Surge In Trading Volume \u2013 Can Price Reach A New ATH?<\/a><\/div>\n

Due to its overwhelming network activities and <\/span>growing popularity<\/span><\/a>, Solana has successfully gained the position of the 4th largest cryptocurrency by market capitalization, <\/span>overtaking BNB Chain (BNB)<\/span><\/a> by more than four billion, according to CoinMarketCap.\u00a0<\/span><\/p>\n

Moreover, the cryptocurrency has <\/span>reached<\/span><\/a> peak levels globally in terms of Google search interest,\u00a0 hitting a new all-time high. This surge has been attributed to the increasing interest and demand for the popular digital asset.\u00a0<\/span><\/p>\n

\"Solana<\/p>\n

SOL price crosses $200 | Source: SOLUSD on Tradingview.com<\/a><\/pre>\n
Featured image from LinkedIn, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Solana has recently become one of the trendiest cryptocurrencies in the space, capturing the interest of both crypto investors and enthusiasts in the space. The popular cryptocurrency has witnessed a significant surge in network activity, surpassing even that of Ethereum, the world\u2019s second-largest cryptocurrency.\u00a0 Solana Outpaces Ethereum Network Activity On March 16, Solana experienced a major increase in its overall network activity, pushing its capacity to its limits amidst the growing demands. The network had surged past Ethereum\u2019s total trading volume and exceeded its daily trading volume by more than $1.1 billion, according to data by DefilLama.\u00a0\u00a0\u00a0 Related Reading: Crypto Analyst Predicts Further Upside For Shiba Inu, Here\u2019s The Target Specifically, Solana\u2019s 24-hour trading volume had recorded almost $3 billion, surging past Ethereum\u2019s daily volume of $2.04 billion. During the surge, the network witnessed an unprecedented amount of trading activities, which resulted in failed transactions and a surge in ping times.\u00a0 As highlighted by Solana Validator, the cryptocurrency network\u2019s ping time on March 18, had jumped to a staggering 46 seconds, causing about a 30% to 40% failed transactions. The validator\u2019s report also revealed a steady and rapid increase in Solanan\u2019s transaction count, recording over 276 million transactions at the time of writing, with about 2,107 transactions per second.\u00a0 This rise in Solana\u2019s network activity has been attributed to the surge in interest in Solana-based meme coins. On Thursday, March 14, degens eagerly sought after a new meme coin called Book of Meme (BOME), which had experienced an unprecedented bullish spike that triggered its market capitalization to rise from almost zero to a staggering $1.45 billion.\u00a0 During these periods, the price of Solana also rallied alongside, witnessing an unexpected price surge that propelled it by more than 30% in the past week. The cryptocurrency has been on a steady momentum since the beginning of the year, displaying slight price corrections before continuing on its upward trajectory.\u00a0 SOL Price Rides The Bullish Wave Amidst Solana\u2019s burgeoning popularity and rising transaction volumes, the cryptocurrency saw a price increase to more than $200, reflecting a daily surge of approximately 8.9%, at the time of writing. The cryptocurrency\u2019s market capitalization is also up by 11.10%, recording over $89 billion and steadily closing towards the $100 billion mark.\u00a0 Related Reading: XRP Records Massive 80% Surge In Trading Volume \u2013 Can Price Reach A New ATH? Due to its overwhelming network activities and growing popularity, Solana has successfully gained the position of the 4th largest cryptocurrency by market capitalization, overtaking BNB Chain (BNB) by more than four billion, according to CoinMarketCap.\u00a0 Moreover, the cryptocurrency has reached peak levels globally in terms of Google search interest,\u00a0 hitting a new all-time high. This surge has been attributed to the increasing interest and demand for the popular digital asset.\u00a0 SOL price crosses $200 | Source: SOLUSD on Tradingview.com Featured image from LinkedIn, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":598528,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84543],"tags":[1946,7931,12837,91872,86420,83626,89405,87685,85361,86410,83627],"class_list":["post-598503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-ethereum","tag-ethereum-news","tag-sol","tag-sol-performance","tag-sol-price","tag-solana","tag-solana-news","tag-solana-performance","tag-solana-price","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\nSolana Surpasses Ethereum In Major Metric Amid Surge Above $200<\/title>\n<meta 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Solana Surpasses Ethereum In Major Metric Amid Surge Above $200","url":"http:\/\/ktsl888.com\/news\/solana\/solana-ethereum-surge-200\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/solana\/solana-ethereum-surge-200\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Solana-Ethereum.jpeg?resize=200%2C167","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Solana-Ethereum.jpeg?fit=301%2C167"},"articleSection":"Solana","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ethereum","ethereum news","sol","sol performance","sol price","solana","solana news","solana performance","solana price","solusd","solusdt"],"dateCreated":"2024-03-18T19:00:16Z","datePublished":"2024-03-18T19:00:16Z","dateModified":"2024-03-18T19:00:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solana Surpasses Ethereum In Major Metric Amid Surge Above $200\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/solana\\\/solana-ethereum-surge-200\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/solana\\\/solana-ethereum-surge-200\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Solana-Ethereum.jpeg?resize=200%2C167\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Solana-Ethereum.jpeg?fit=301%2C167\"},\"articleSection\":\"Solana\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ethereum\",\"ethereum news\",\"sol\",\"sol performance\",\"sol price\",\"solana\",\"solana news\",\"solana performance\",\"solana price\",\"solusd\",\"solusdt\"],\"dateCreated\":\"2024-03-18T19:00:16Z\",\"datePublished\":\"2024-03-18T19:00:16Z\",\"dateModified\":\"2024-03-18T19:00:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Solana-Ethereum.jpeg?fit=301%2C167","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/598503"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=598503"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/598503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/598528"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=598503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=598503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=598503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}