By the market value, Solana’s SOL a programmable blockchain swaps Dogecoin (DOGE) as the seventh-largest cryptocurrency.

SOL move up 12% to $145, creating a position above Tuesday’s record of $130. The market capitalization of crypto soared to $42 billion, exceeding dogecoin $38 billion.

Co-founder, and managing partner at Kenetic Capital, Jehan Chu, stated,

“Solana’s popularity, already boosted by Sam Bankman-Fried’s support, has seen unprecedented price action on the back of strong mindshare growth, a flurry of decentralized application launches and, most recently, the frenzy around their Kaiju cards NFT launch,”

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