#SolanaSurge Solana (SOL) recently experienced a significant surge, overtaking Binance Coin (BNB) in market capitalization. Here's what's driving this trend ¹ ²:

- *Market Capitalization*: Solana's market cap reached $41.9 billion, surpassing BNB's $41.8 billion.

- *Price Increase*: SOL's price jumped 18% in 24 hours to $98.40, with a 30% gain over the past week, outperforming major cryptocurrencies.

- *Ranking*: Solana has climbed to fourth place in market capitalization, a position it last held in November 2021.

- *Comparison to Ethereum*: Despite its growth, Solana still lags behind Ethereum's market cap of $269 billion, with a long way to go to catch up.

*Key Factors Behind Solana's Surge*

- *Association with FTX*: Solana's price had been impacted by its association with the defunct FTX exchange and Sam Bankman-Fried, but it has since rebounded.

- *Institutional Partnerships*: Solana's growth may be attributed to its institutional partnerships, artificial intelligence integration, and the launch of its Saga mobile device.

- *Search Trends*: Google Trends shows a substantial increase in searches for Solana, almost closing in on searches for Ethereum in the United States