- SOL finished the quarter with a $8.4 billion market cap, which is 17% higher Quarter-on-Quarter (QoQ).
- Although the altcoin faced a brief dip, SOL outperformed several altcoins as its ranking jumped from 10 to 7 QoQ.
- SOL was trading hands at $23.82 after experiencing a surge of 0.07% in one hour.
Messari, a crypto market intelligence platform, reported that Solana, in the third quarter of 2023, was continuing to gain mindshare. It finished the quarter with a $8.4 billion market cap, which is 17% higher Quarter-on-Quarter (QoQ).
Although the altcoin faced a brief dip, possibly caused by the potential liquidation of Alameda/FTX’s SOL and various other macroeconomic factors, SOL outperformed several altcoins as its ranking jumped from 10 to 7 QoQ.
How did @solana perform Q3'23?Solana tech is continuing to gain mindshare, with market cap growing 17% QoQ and revenue for SOL up 10% QoQ.
DeFi TVL also grew 32% QoQ to $368M, thanks to protocols like @marginfi, @cypher_protocol, and @solendprotocol. pic.twitter.com/UN6ywL8NiK
— Messari (@MessariCrypto) October 18, 2023
Solana also witnessed a growth in its revenue, measured by all the fees collected by the pro…
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