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Solana (SOL) Market Cap

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  • July 11, 2023
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Solana's live market capitalization is approximately $49–51 billion USDT, placing it among the top 7–8 largest cryptocurrencies by market cap globally. With a circulating supply of approximately 571 million SOL tokens and a current price near $88 USDT, Solana accounts for roughly 2% of the total cryptocurrency market capitalization.

Market Capitalization, FDV, and Supply Data

How Solana Market Cap Is Calculated

Market cap = current price × circulating supply. At $88 USDT per SOL and 571 million SOL in circulation, the market cap equals approximately $50.2 billion. This figure updates in real time as both the SOL price and circulating supply change (new SOL is minted as staking rewards each epoch).

Solana Fully Diluted Valuation (FDV)

The fully diluted valuation (FDV) assumes all SOL tokens that will ever exist are currently in circulation. With a max/projected total supply of approximately 570–637 million SOL, the FDV at $88 USDT is approximately $50–56 billion. The FDV is always equal to or greater than the market cap.

Solana Supply & Inflation Schedule

Solana launched with an initial inflation rate of 8% per year. This rate decreases by 15% annually until reaching a permanent floor of 1.5%. Newly minted SOL goes entirely to validators as staking rewards. To offset inflation, 50% of every base transaction fee is permanently burned.

Solana Staking and Supply Dynamics

Over 60% of all circulating SOL is currently staked, meaning it participates in network security via Delegated Proof of Stake. Staked SOL earns yield in the form of freshly minted tokens. This high staking ratio reduces the effectively liquid supply and can support price during periods of selling pressure.

Token Distribution and Unlock Schedule

Of Solana's initial 500 million token supply: 38.9% went to the Community Reserve, 13.3% to Seed investors, and 12.8% to the core team. Both the Team (64M SOL) and Foundation (43M SOL) allocations are 100% unlocked. The key overhang is the combined FTX/Alameda bankruptcy estate, which holds approximately 19.86 million SOL.

Frequently Asked Questions

What is Solana market cap right now?

Solana's current market cap is approximately $49–51 billion USDT, making it the 7th or 8th largest cryptocurrency. This changes with the SOL price every second.

What is Solana total supply?

The current circulating supply of SOL is approximately 571 million tokens. There is no hard-capped maximum supply; the total supply grows slowly through staking rewards but is partially offset by fee burns.

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About SOL USDT Price
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