TL;DR
- Solana’s projects and the recent growth have become increasingly popular.
- Following a huge surge at the beginning of this year, ecosystem meme coins like Dogewifhat(WIF) or Bonk Inu(BONK) are seeing significant drops.
The Unsurprising leader
Solana, and the many projects that are built upon it, will have an exploding popularity by 2024. SOL’s bull-run at the end 2023 and beginning 2024 could have been a factor, as well as the community’s growth and innovation in the ecosystem.
Santiment, a crypto-analytics platform, recently launched. outlined Top 10 Solana based projects The term “in terms” is used to describe Development activity over the last 30 days.
They Are Quite Different ExpectedThe first place goes to Solana, with a score 186.33. It is worth noting that the protocol’s native token – SOL – has been experiencing The price of bitcoin has fallen by around 30% since July’s end, and is currently at $127. (According to Coingecko data).
Wormhole is ranked second with a ratio 90.5. It connects various blockchain networks like Solana Ethereum BNB Smart Chain etc. The users can easily transfer digital data and assets between these blockchains.
Pyth network is third in the rankings with a score (68). The system is decentralized. Oracle Network where? multiple providers contribute to a collective data feed.
JITO, Neon and Neon complete the list. These are the other Solana’s projects The line Included are Drift, Orca Helium IOT and Helium Mobile.
Missing Ones
You may find it interesting to know that Meme coins, part of Solana’s ecosystem, were not included in the list. These tokens include Dogwifhat Bonk Inus (BONK) and others more, The skyrocketing price of bitcoins made them one of the most popular topics on the crypto scene at the beginning the year.
But their progress has stagnated Lately. WIF – The largest Solana meme coin by market capitalization – Currently, the price is around $1.52. This represents a more than 70% drop from its April high.
BONK (the largest) is Valued at approximately $0.00001666 in the current momentThe peak for May was 60% lower.
Binance Free $600 (CryptoPotato Exclusive): Use this link Binance is offering a $600 welcome bonus to new users who register. (full details).
LIMITED OFFER 2024 on BYDFi: up to $2,888 in welcome rewards use this link To register and to open 100 USDT-M positions for free!
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cryptopotato.com
