Solana$SOL has maintained its position as the most popular blockchain ecosystem in 2024, capturing 38.8% of global investment interest, according to a recent report from CoinGecko . While Solana’s ecosystem dominance has dipped slightly, falling 10.5% since Q1, it continues to outperform its competitors thanks to its low gas fees, fast transaction speeds, and the viral success of Pump.fun, a meme coin platform.

This dominance has driven SOL, Solana’s native token, to new heights: It’s trading at $241.11 , just 7.62% below its all-time high of $260 reached in November 2021. SOL has gained 9.74% in the last week, 50.05% in the last month, and a staggering 312.01% since November 2023, surpassing both Bitcoin ($BTC ) and Ethereum ($ETH ) in the same period.

Solana recently overtook BNB to become the fourth-largest digital asset with a market cap of $114.39 billion. However, trading volume has dropped to $8.05 billion, causing the price to drop slightly by 0.71% in the last 24 hours.