Solana had recently touched 10 billion dollars. This was reason to celebrate as it had been a milestone for everyone in the SOL Ecosystem. 

The whole DeFI sector had seen a downtrend recently with no exception to SOL, but SOL had seen an uprising in price due to their increase in the TVL of protocols for staking and yielding based on their own blockchain. There's an absolute ton of projects inside of the Solana blockchain that all serve multivariabled problems that users and institutions experience, but with the recent increase in TVL, there's also been an increase in new projects forming with current projects increasing in marketcap and TVL. 

Solana is one of the only tokens in the top 20 to see an increase in TVL this past month with Ethereum decreasing 13% down to 23Billion USD and Binance decreasing 4.6% down to 3.6 billion. 

These are still large amounts but it shows that money is moving around, people in Binance and Eth might be moving over to Solana and other tokens on the top 20 list. This brings up several questions such as: Are Tokens in the top 20 being outcompeted by one another? What does this potentially say for the future of the top 20 tokens?

Is BNB going to plummett in the near future? Some experts tend to think so. 

Regardless, here are the figures presented in a visual format for BNB, ETH, and a few other tokens:

Regarding the statement earlier, Solana did not touch 10 billion, it infact almost blasted through 12 billion. Data from Coinmarketcap displays the price of Solana having gone up from $18.9 on July 1 to $27.4 on July 16 to reach a market cap of $11.81 billion as shown below. 

(top right corner of picture) It's pretty fascinating how price surges such as these tend to seem random and isolated, when in reality they're all correlated to money movement from one chain to the other, not to mention new money coming into crypto quite often, sometimes institutional, but mostly private money. Blackrock is racing to accumulate Bitcoin as fast as humanly possible with other companies jumping into the race with them. Who knows when Solana will be next? We know for sure that Blackrock is taking it easy, being sure to ease into Bitcoin. They've got 10 trillion dollars under asset management and have only dipped their toes into bitcoin with several billion dollars - but that's all about to change with the Bitcoin Spot ETF...Which means that Blackrock might suddenly go from owning under 1% of bitcoin to over 10%...which is kinda scary since they'd be able to threaten the crypto community with a selloff and deplete the TVL of several exchanges..for a while. 

After reaching a new high of 11 billion dollars solana had dipped again and is currently at 9.7 billion dollars. This is still a huge lump sum of money, but really shows the world just how volatile the crypto market is. That's over 14% in the red in the past month alone. Scary stuff. 

 I'm going to be ending this article with a new peice of news that had recently come out: Beware of Crypto firms that have falsely claimed to have applied for licenses to operate financially (and a meme):

(It's 4 billion women now since the population had just reached 8 billion if you haven't noticed)