HEX (CRYPTO: HEX), a cryptocurrency associated with a project that claims to be the first blockchain certificate of deposit, has soared in market capitalization ahead of Cardano (CRYPTO: ADA), Solana (CRYPTO: SOL), and Dogecoin (CRYPTO: DOGE), if CoinMarketCap data is to be believed. 

What Happened: At press time, Hex had a market cap of nearly $79.1 billion, as per CoinMarketCap. 

See Also: How To Buy Dogecoin (DOGE)

Screenshot From CoinMarketCap Indicating MarketCap Of Hex And Its #201 Rank

This would put the coin ahead of ADA, which had a market cap of $77.7 billion at press time, and make it the third-largest cryptocurrency by that metric.

It’s worth noting that other data providers like Messari Crypto and Coingecko don’t provide a market capitalization metric for HEX as of press time and don’t feature it in their lists of top cryptocurrencies.

On Wednesday night, HEX was seen listed as the fourth-largest cryptocurrency by market cap on CoinMarketCap. Benzinga reached out to the price-tracking website owned by cryptocurrency exchange Binance to clarify if this was an anomaly but didn’t receive a response as of press time. HEX disappeared from the list of top 100 cryptocurrencies an hour later but the market cap continues to be reflected with an amount that would put it above Cardano.

Screenshot From CoinMarketCap Taken At 9:39 p.m. ET.

Why It Matters: Should the CMC data prove to be accurate, HEX is now a larger coin than not only ADA, but also SOL, which has been on a tear lately — rising 427.58%