Solana (SOL) has surpassed Binance Coin (BNB) in market capitalization, claiming the fifth spot among cryptocurrencies. As of July 22, 2025, Solana's market cap reached approximately $107.43 billion, overtaking BNB's $106.2 billion. This milestone coincides with Solana's price rising above $200 for the first time since June 2025. The cryptocurrency also leads in daily transaction volume, reportedly handling more transactions than all other chains combined. Additionally, Solana was noted as the top gainer among the top 50 cryptocurrencies on that day. Institutional interest appears to be increasing, with investment firms such as Upexi adding to their holdings. The market cap flip marks a notable shift in the rankings of major cryptocurrencies.