Solana (SOL) has achieved a major milestone in the crypto market by surpassing Tether (USDT) in market capitalization and recording an all-time high (ATH). On January 18, 2025, SOL traded as high as $268.75, surpassing its previous record set in November 2021.
This significant increase was largely driven by the launch of the official meme coin ‘Official Trump (TRUMP)’ on the Solana network, which attracted investor interest and increased network activity. In addition, Solana’s Total Value Locked (TVL) reached a new record of $10.172 billion, indicating the strong growth of the DeFi ecosystem on the platform.
With this achievement, Solana has solidified its position as one of the leading crypto assets, showing the potential for continued growth and adoption in the future.