As the cryptocurrency industry rebounds, with the sector's total market capitalization reaching $1.65 trillion, Solana (SOL) stands out with a remarkable single-day influx of over $2 billion. Specifically, Solana's market capitalization surged from $41.79 billion to $44.17 billion within a day, marking a $2.38 billion addition and a growth of 6.5%, according to the latest data from CoinMarketCap as of February 2nd.

Continuing its bullish trend, Solana, the fifth-largest cryptocurrency asset globally, surpassed the coveted $100 mark and is currently trading at $101.58. This represents a daily gain of 5.96% and a weekly rise of 12.57%, indicating recovery from the monthly dip of 5.27%.

Solana's impressive market capitalization and price performance align with the surge in network activity. In January, it reported a record $1 trillion in transaction volume, marking a 30% growth since December. The last time such high activity levels were observed was in September 2022, based on data from The Block.

Furthermore, the Solana blockchain experienced a surge in registrations, with over 10 million addresses registered in January, the highest since its peak in May 2022, when it reached 11.72 million crypto wallets. This surge underscores the growing interest and engagement in Solana.

In addition to its achievements, Solana, often referred to as the 'Ethereum killer,' surpassed Ethereum in 24-hour decentralized exchange (DEX) volume. While Solana recorded a 15.34% increase in weekly volume, Ethereum saw a decline of 12.44%, according to a report by Finbold on February 1st.