Once considered a serious rival to Ethereum within the Web3 area, Solana encountered challenges corresponding to 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.
However, 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 cast, enjoying a pivotal position within the sustained development of the Solana ecosystem. Hence, let’s check out the highest Solana Ecosystem Tokens and the way they’ve been performing currently.
Top Solana Ecosystem Tokens Price Today (By Market Cap)
- Tether (USDT): Since the stablecoin is pegged towards the US Dollar, its value 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 currently. As of writing, the SOL value was up by 2.0% because it traded at $114.87 Furthermore, the market capitalization elevated by 1.48% to $40.98 billion.
- Chainlink (LINK): The Chainlink crypto value was recorded to be $15.36 because it misplaced 2.07% in worth. At the time, LINK’s market cap was $8.55 billion.
- The Graph (GRT): The GRT crypto value was up by 0.1% because it traded at $0.187375. The Graph’s market cap was recorded to be $1.75 billion.
Also Read: Solana Price Prediction: December Rally Nears $100, Can SOL Sustain the Launch?
Trending Tokens On Solana Ecosystem
- Solana (SOL): According to CoinGecko stats, Solana was the highest trending crypto within the Solana Ecosystem on the time of reporting. The ecosystem’s native token lately surpassed the $110 mark and has continued surging.
- Bonk (BONK): The meme crypto, Bonk, additionally made it to the trending listing. However, it witnessed a hunch in worth because it traded at $0.00001857, declining by 2.90%.
- Neon (NEON): Neon entered the trending listing as we speak owing to its vital good points lately. As of writing, the Neon crypto gained 19.50% and traded at $2.07.
Also Read: Solana (SOL) Flips XRP As It Tops Ethereum In 24-Hr DEX Volume
The offered content material might embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability in your private monetary loss.
