Solana's (SOL) autumn rally continued on Nov. 3 with its price and market cap hitting a new record high.

SOL surged by 7% in the past 24 hours to $236, pushing its market capitalization to over $70 billion for the first time in history. As the token wobbled near its record high levels, it flipped Cardano (ADA) briefly to become the world's fifth-most valuable crypto asset.