The competition for the fourth and fifth places on the cryptocurrency market capitalization rankings has been fierce, with BNB and SOL competing to rise. As of writing, the price of BNB is US$618.5 and the price of SOL is US$168. The 24-hour increase is respectively 16% and 12.5%.

BNB broke through to $630 this morning, an increase of less than 10% from the all-time high of $690, while SOL is still more than 50% away from the previous high of $260. % increase.

Binance Launchpool: BNB Breakout The magic weapon

On March 6, Binance’s new currency mining project launched the 48th phase of AEVO (AEVO), a decentralized derivatives trading platform. On March 12, Binance Launchpool launched ether.fi (ETHFI), a re-staking project.

The main reason for the rising price of BNB is the continued efforts of Binance Launchpool. From AI to games to restaking, Binance uses BNB to mine coins. A direct factor in the rise.

Last night, BNB Chain announced the launch of its "Airdrop Alliance Plan", covering cooperation between BNB Chain and ecological partners in the ecosystem. These projects have not yet been released. tokens to give back to the community by providing airdrops to retroactive users on BNB Smart Chain (BSC) and opBNB. This news also prompted BNB price to continue its upward breakthrough.

The sustainable development of Solana ecology

Recently, not only SOL is outstanding, but also the Solana ecology project Token prices also experienced general increases, among which:

RAY rose 15.22% in 24 hours, temporarily trading at US$1.5216;

MOBILE 24 The hourly increase reached 47.4%, temporarily reported at US$0.006315;

BONK increased by 12.25% in 24 hours, temporarily reported at US$0.00003252;

WIF increased by 26.01% in 24 hours, temporarily reported at US$2.7418 ;

JUP rose 13.99% in 24 hours, temporarily trading at $0.9316;

Wen rose 32.5% in 24 hours, temporarily trading at $0.0003573.

The price of SOL has been rising steadily during this cycle, and projects in the Solana ecosystem have also been steadily launched following Solana’s pace. DeFi, Depin and The blooming of AI and other sectors has allowed Solana's TVL to rise all the way, with TVL reaching US$3.6 billion at the time of writing.

It goes without saying how powerful the meme coins in the Solana ecosystem are, among which the most popular The representative WIF currently ranks 52nd in market capitalization. From an unknown hat dog to now it may be able to board the MSG Sphere, a ball theater in Las Vegas. This is another meme carnival.

In addition to memes, the DeFi projects in the Solana ecosystem also performed well, among which the most The representative one is Jupiter. On March 7, Jupiter goes live with genesis voting, and all votes (including genesis voting) will receive incentives, including Launchpad fees from JUP and WEN issuance and upcoming projects.

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