Binance Coin (BNB) has overtaken its Solana counterpart (SOL) in market cap, making it the fifth-largest cryptocurrency.
The advance comes after a strong rally in BNB’s price, while SOL has been hit by a recent decline.
Currently, BNB’s market cap is around $103 billion, outperforming SOL by $10 billion.
The coin surged 11.8% in 24 hours, reaching $720 before settling near $705.
Over the past week, BNB has gained 22%, outperforming most of its rivals, while SOL has fallen 4.1% over the same period and 19.2% over two weeks, settling at $193.
The decline comes amid market volatility that has affected several altcoins, while Bitcoin failed to break above $98,000 and returned to $96,000, losing more than $80 billion in total cryptocurrency market cap in 24 hours.
However, BNB benefited from Binance Chain announcing a major upgrade in 2025, which includes improved transaction speeds, AI integration, and zero-fee payments.
Binance co-founder Changpeng Zhao confirmed these updates via a post on X, noting sub-second block processing times and advanced technical integration.
As for Solana, it continued to dominate the decentralized exchange (DEX) sector, capturing nearly half of total trading volumes, supported by Pump.fun, which contributed to 60% of these activities.
Searches for “buy Solana” also saw a significant increase on Google Trends last month, especially after the launch of the official Trump coin.
