As soon as considered a serious rival to Ethereum within the Web3 enviornment, Solana encountered challenges resembling protocol crashes and the fallout from the FTX exchange collapse final 12 months. The prevailing pattern favoring Ethereum Layer 2 options over various Layer 1 choices additionally led to a decline in curiosity within the Solana ecosystem.
Nevertheless, the tide has turned for Solana this 12 months. Substantial technical enhancements and the introduction of noteworthy options have considerably enhanced the platform’s usability and reliability. Subsequently, key partnerships have been solid, taking part in a pivotal position within the sustained progress of the Solana ecosystem. Therefore, let’s check out the highest Solana Ecosystem Tokens and the way they’ve been performing recently.
High Solana Ecosystem Tokens Worth At this time (By Market Cap)
- Tether (USDT): Because the stablecoin is pegged in opposition to the US Greenback, its worth stays fixed and it was buying and selling at $1 on the time of writing. The market cap stood at $91.13 billion.
- Solana (SOL): The SOL price has been surging recently. As of writing, the SOL worth was up by 2.0% because it traded at $114.87 Moreover, the market capitalization elevated by 1.48% to $40.98 billion.
- Chainlink (LINK): The Chainlink crypto worth was recorded to be $15.36 because it misplaced 2.07% in worth. On the time, LINK’s market cap was $8.55 billion.
- The Graph (GRT): The GRT crypto worth was up by 0.1% because it traded at $0.187375. The Graph’s market cap was recorded to be $1.75 billion.
Additionally Learn: Solana Price Prediction: December Rally Nears $100, Can SOL Sustain the Launch?
Trending Tokens On Solana Ecosystem
- Solana (SOL): Based on CoinGecko stats, Solana was the highest trending crypto within the Solana Ecosystem on the time of reporting. The ecosystem’s native token just lately surpassed the $110 mark and has continued surging.
- Bonk (BONK): The meme crypto, Bonk, additionally made it to the trending checklist. Nevertheless, it witnessed a droop in worth because it traded at $0.00001857, declining by 2.90%.
- Neon (NEON): Neon entered the trending checklist at this time owing to its vital positive factors just lately. As of writing, the Neon crypto gained 19.50% and traded at $2.07.
Additionally Learn: Solana (SOL) Flips XRP As It Tops Ethereum In 24-Hr DEX Volume
The introduced content material might embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty on your private monetary loss.
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