The cryptocurrency market is experiencing a remarkable recovery after the recent downturn triggered by Black Monday-style crashes. Solana, currently ranked seventh on CoinGecko with a market cap of $56.12 billion, is poised to challenge the dominance of USDC, the world’s second-largest stablecoin, for the top spot. 7.16% separates SOL from overtaking USDC, which boasts a market cap of $60 billion. This surge in value is fueled by Solana’s impressive gains over the past day (nearly 11%) and a dramatic increase in trading volume exceeding $8 billion in the last 24 hours, up over 50%. This spike signals investor confidence and a potential shift in market direction.