Solana’s (SOL) surge in value has propelled it to become the fourth-largest cryptocurrency by market value, surpassing Binance Coin (BNB). In the past 24 hours, SOL’s price has risen by over 16% to a market value of $41.8 billion, according to CoinMarketCap. The increase in SOL’s price has also led to a significant increase in trading volume, with contract trading volume rising by 32% to more than $10 billion in the past 24 hours. With open interest Solana currently stands at $1.34 billion, Solana ranks second only to Bitcoin and Ethereum in this regard.