Polygon [MATIC] displaced Solana [SOL] off the 10th position on the market capitalization standings according to information from CoinMarketCap. The ousting happened despite SOL recording more than two times MATIC’s gains in the last seven days.
While MATIC’s value rose 20.47%, SOL increased by 45.49%. At the time of writing, Polygon’s market cap was over $9 billion, beating Solana’s $8.7 billion.
The flip indicated that Polygon had outpaced the latter in terms of circulation and price action was not enough to compete with that. Interestingly, it was only recently, on 15 January that Solana reached the spot.
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