Solana Ecosystem Market Cap Now Stands at $139 billion
(MENAFN- Finixio)
The data includes a breakdown of the ecosystem’s largest cryptos and tokens. The findings show that Tether (USDT) is the protocol’s largest crypto by market cap, at $78B. The stablecoin’s volume in 24 hours at the time of writing was $38.39B of its $78B available circulating supply.
SOL comes in second with a market cap of $28.546B and a $1.12B trading volume in the last 24 hours. The cryptocurrency registered a price increase within the last seven trading days, and is currently priced at $90.50.
SOL is on an upward trajectory
Edith Reads from Trading Platforms had a few things to say about the data findings. “We know that 2021 was a huge year for DeFi, but it’s incredible how much the Solana ecosystem gained. And I think this is just the beginning. Defi keeps growing and Solana is just what developers and users need to hop onto this scene. I think we are yet to see the best of Solana.”
Other impressive gainers within the top ten crypos include, Chainlink (LINK), Arweave (AR), and Ren (REN), which all gained 10.99%, 17.02%, and 19.88%, respectively. The three cryptos came in positions 4,6, and 8.
Terra (LUNA) is Solana’s third largest cryptocurrency, with a market cap of $18.293bn. However, the cryptocurrency has seen a massive drop of 27.71%. At the time of writing this piece, LUNA’s price was $45.35.
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