Solana price has done well in the past few months as it transitioned into one of the biggest players in the crypto industry. SOL token surged to over $150 this week, giving it a market cap of over $64 billion. It has now become the fourth-biggest cryptocurrency in the world and the third-biggest player in the DeFi industry after Ethereum and Tron.
Solana is not the only coin in its ecosystem that is soaring. On Friday, Marinade Finance (MND) surged to $0.45, its highest point since December. Marinade is one of the biggest players in the Solana ecosystem. It is a liquid staking platform that enables people to earn a return by just holding SOL.
According to its website, the network provides an annualised yield of 8.41%. It has over $1.4 billion in assets and over 107k users. This means that it has successfully replaced Lido, which was once the biggest player for liquid staking Solana. Lido decided to delist Solana during the last crypto winter.
Neon price has also gone parabolic even though it remains sharply below its highest point in 2023. The NEON token price surged to a high of $1.88, its highest point since January last year. For starters, Neon is the first parallelized EVM on Solana. It has sharply lower costs at $0.0003 and is able to handle over 2,000 transactions per second (TPS).
Bonk has emerged as the best-performing Solana tokens recently. It has jumped from a low of $0.0000000016 to $0.00003. This means that it has soared by over 15k from its lowest point in 2023, giving it a market cap of over $2 billion. This jump has made it one of the biggest meme coins in the world.
Other Solana platforms have continued thriving. Jupiter is now handling billions worth of cryptocurrencies every day. It has even passed Uniswap and dYdX, two of the biggest DEX platforms in the world.
Orca and Raydium have become some of the top-performing DEX networks in the DEX industry. This is a remarkable comeback considering that these networks had no major market share a few months ago.
Solana has continued to attract developers across all sectors in the crypto industry. According to CryptoSlam, it has become the third-biggest player in the NFT industry, handling over $13 million in transactions in the past 24 hours. It is also the third-biggest network in the DeFi industry after Ethereum and Tron.
This news is republished from another source.
