Solana Market Cap Hits $44.86B as Network Sees Surge in Scalability and Adoption

Solana's market cap stands at $44.86 billion as of August 19th, while the total crypto market cap is a massive $2.2 trillion.

The Solana Mainnet has successfully activated its first slot time reduction to 350 milliseconds.

This upgrade aims to improve the network's efficiency and scalability. FalconX and Interstice have also connected Canton to Ethereum, Solana, and Robinhood Chain, expanding the interoperability of these networks.

Solana's native DEX trading has gone live on XRPL, while Cash App has enabled token purchases through MoonPay, providing users with more convenient access to Solana tokens.

CoinGlass reports that SOL ETFs recorded $10.26 million in net inflows last week, a significant surge of 70x from the previous week's inflows.