According to BlockBeats, the market capitalization of Collaterize, a token within the Solana ecosystem, has surpassed $70 million, currently valued at $68 million. This marks a 50.1% increase over the past 24 hours, setting a new record high. The 24-hour trading volume for the token stands at $15.5 million.
Information from its official website indicates that Collaterize aims to develop an internet capital market based on the Solana network. The recent surge in the token's value may have been influenced by a tweet from Solana co-founder Toly on May 18, which potentially sparked the upward trend.