Collaterize’s COLLAT Token Surges 131.3% on Solana, Reaches $56 Million Market Cap

COINOTAG reported on May 19th that the market capitalization of Collaterize, an RWA project associated with Solana, has exceeded $56 million. Specifically, the token COLLAT is currently valued at approximately $56.16 million, demonstrating a remarkable 24-hour growth of 131.3%, which has propelled its price to an unprecedented peak. The official website of Collaterize outlines its objective of establishing an innovative internet capital market leveraging the Solana network. Notably, this surge was catalyzed when Solana’s co-founder, Toly, retweeted a promotional message about the project on May 18th, significantly boosting investor interest.