Once regarded as a major rival to Ethereum in the Web3 arena, Solana encountered challenges such as protocol crashes and the fallout from the FTX exchange collapse last year. The prevailing trend favoring Ethereum Layer 2 solutions over alternative Layer 1 options also led to a decline in interest in the Solana ecosystem.
However, the tide has turned for Solana this year. Substantial technical improvements and the introduction of noteworthy features have significantly enhanced the platform’s usability and reliability. Subsequently, key partnerships have been forged, playing a pivotal role in the sustained growth of the Solana ecosystem. Hence, let’s take a look at the top Solana Ecosystem Tokens and how they have been performing lately.
Top Solana Ecos ystem Tokens Price Today (By Market Cap)
- Tether (USDT): Since the stablecoin is pegged against the US Dollar, its price remains constant and it was trading at $1 at the time of writing. The market cap stood at $91.13 billion.
- Solana (SOL): The SOL price has been surging lately. As of writing, the SOL price was up by 2.0% as it traded at $114.87 Furthermore, the market capitalization increased by 1.48% to $40.98 billion.
- Chainlink (LINK): The Chainlink crypto price was recorded to be $15.36 as it lost 2.07% in value. At the time, LINK’s market cap was $8.55 billion.
- The Graph (GRT): The GRT crypto price was up by 0.1% as 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 top trending crypto in the Solana Ecosystem at the time of reporting. The ecosystem’s native token recently surpassed the $110 mark and has continued surging.
- Bonk (BONK): The meme crypto, Bonk, also made it to the trending list. However, it witnessed a slump in value as it traded at $0.00001857, declining by 2.90%.
- Neon (NEON): Neon entered the trending list today owing to its significant gains recently. 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
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