The fifth chair in the crypto world changed hands last night, with Solana cleaning up Binance Coin with a market cap of $107.6 billion; this capital war has just begun!
According to authoritative data from CoinGecko, Solana's market cap soared to $107.6 billion on July 22, completely crushing BNB's $106 billion, reclaiming the fifth spot in global cryptocurrency market cap after five months! In just one month, SOL's price violently surged by 35%, skyrocketing from the $140 range to a peak of $204, with daily trading volume exploding by 84.5%, and $1.399 billion in funds crazily scooping up on-chain, igniting market sentiment!
1 Institutional giants are entering, a trillion-dollar capital undercurrent is flowing
Traditional financial giants are secretly laying out Solana! Visa has integrated its stablecoin settlement system into the Solana blockchain, and low fees along with lightning-fast confirmation speeds have completely made traditional payment giants obedient. More devastating is — the REX-Osprey SOL + Staking ETF has already devoured $100 million in institutional funds, becoming the first SOL ETF to offer staking rewards, with weekly fund inflows continuously surging!
Former Goldman Sachs trader Adrian Fritz leaked a secret: 'Solana's $100 billion market cap is just the starting point, its scale is only one-tenth of Ethereum, and the explosive power of the bull market will crush all mainstream coins!' At this moment, capital battleships like SOL Strategy and DeFi Development Corp are frantically hoarding SOL as a strategic reserve, and a battle for institutional-level accumulation has fully begun!
2 Technological nuclear-level upgrades, the great migration of developers has begun
The Solana downtime event that once terrified investors is now history! The development team has undertaken military-grade upgrades to the network infrastructure, resulting in a 300% increase in stability over the past six months, completely ending the technical nightmare. More terrifying is — Ethereum developers are collectively defecting to the Solana ecosystem! Low gas fees and a devastating performance of 60,000 transactions per second have allowed DeFi protocols, NFT markets, and blockchain gaming platforms to proliferate like a virus!
A certain anonymous former ETH core developer stated: 'Developing on Solana is like switching from dial-up to 5G, we can never go back!'
Is the Ethereum throne in danger? The plan to dethrone it by SOL is revealed
While Vitalik is still struggling with the Ethereum 3.0 upgrade roadmap, Solana's sharp blade has already pressed against Ethereum's throat! Although Ethereum remains firmly seated on the smart contract throne due to its PoS consensus mechanism, Solana is crazily devouring market share with a hundred-fold speed and one-thousandth of the cost.
On-chain data reveals a death cross: Solana's DEX weekly trading volume surged by 47%, while Ethereum's on-chain gas fees have once again surpassed 100 Gwei! The outcome of developers voting with their feet is already decided — the next hundredfold ecological explosion will surely occur in Solana!
The password to wealth and a warning of death
The RSI indicator has soared to 81.04, entering the overbought zone, and SOL is poised for a short-term pullback! Yet the number of whale addresses has surged by 20%, and the $200 mark is about to be bloodied!
History is repeating itself: After SOL broke the $100 billion market cap last November, it plummeted 30% under the pressure of Trump’s tariff policy. Now the GENIUS Act is in place, will there be another regulatory black swan?
Old Zhu analyzes:
I, Old Zhu, have been watching the market for ten years, and I've seen this kind of 'market cap revenge' many times, but this time Solana is taking down Binance's beloved BNB, there’s definitely something to it! It's not a fleeting moment, but backed by three hardcore logics:
1. Institutional bigwigs are really buying, not just talk!
Did you think only retail investors are trading? Wrong! Even Visa has moved its stablecoin settlement to Solana — traditional financial giants are voting with their feet, attracted by its 'fast transfers and low costs' (not exaggerating, it's 100 times cheaper than Ethereum).
What’s more ruthless is the 'interest-bearing SOL ETF' (the one from REX), quietly attracting 100 million dollars in a month! Why are big players rushing to buy? Because they can stake for an annualized return of 15%! This is not a vaporware, it’s a real cash cow!
Old Zhu's viewpoint:
Last year, I witnessed SOL rise from 20 dollars to 200 dollars, and the core reason was institutional entry + real demand. Now history is repeating itself, but the stakes are higher — the gates of traditional finance are being pried open by Solana!
2. The technology is not stuck, developers are fleeing (from Ethereum to here)!
People used to say the SOL network crashes often? That’s old news! The team has been grinding on technology for the past six months, and now it’s stable as a rock. The result? A large number of Ethereum developers have switched to SOL with their code!
Why? Let me give you an example:
If you issue an NFT on Ethereum, the transaction fee might be hundreds of dollars; on Solana, it can be done for a few pennies, and it's 100 times faster! If it were you, who would you choose?
Thus, the SOL ecosystem has exploded: new DeFi protocols emerge by the dozen each week, and blockchain games are popping up everywhere — hot money and talent are flooding in, how can market cap not rise?
Tonight’s action guide:
Short-term hunters: Lurking to buy at the $189 support level (strong technical support level)
Long-term giant whale: Staking SOL to earn 15% annualized return, waiting for the ETF to pass and trigger an explosion in the market
Death red line: Falling below $180 must trigger stop-loss to guard against black swan slaughter!
The crypto battlefield is changing rapidly, only the fast survive! Follow Old Zhu
Are you standing with SOL to crush ETH, or betting on BNB to make a comeback? The password to wealth is revealed here!
