Top 10 Coins in Solana Ecosystem To Watch Out For

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Since the Solana Ecosystem came about in 2017, it has become highly popular not only because of its potential but also for its speed, security, and stability. 

https://twitter.com/SOLbuckets/status/1446871856934490118?s=19

What Is The Solana Ecosystem?

Solana is one of the most promising decentralized Finance, DeFi, Web3, and blockchain gaming protocols. It has the capability of processing about 50,000 transactions per second while covering over 4000 product jobs.

Top 10 Latest Coins in Solana Ecosystem by Market Cap

Below are the 10 latest coins in the Solana ecosystem that you should watch out for this month

Ren (REN)

It is an open protocol that gives interoperability and market-making power and liquidity between different blockchain platforms. It has a native token REN. This REN token, established in 2017, is used as a bond for those running nodes, which power RenVM.

According to CoinMarketCap, REN price is $1.10 and ranks #95. In addition, it has a market cap of $1,013,556,793. It has a circulating supply of 997,764,051.02 REN, a maximum supply of 1,000,000,000, and a total supply of 999,999,633.

Audius (AUDIO)

Audio gives you a music feel. This protocol is not about finance, rather it is a decentralized music-sharing and streaming protocol. Audius gives way for a direct relationship between the listeners and creators. Hence creators make their money directly without any retailer. Audio can be shared, streamed, and monetized by anyone.

According to CoinMarketCap, AUDIO Price is $2.02 and rank #109. In addition, it has a market cap of $830,988,952. It has a circulating supply of 411,910,943.00 AUDIO, it has no maximum supply but has a total supply of 1,055,192,308.

Arweave (AR)

A decentralized storage network that provides a safe, secure and indefinite means of storing data. Formerly known as Archain in August 2017, then Arweave in February 2018, it was made general in June 2018.

According to CoinMarketCap, AR price is $54.54 and ranks #65. In addition, it has a market cap of $1,818,222,445. It has a circulating supply of 33,394,701.00 AR, a maximum supply of 66,000,000 and a total supply of 63,190,435.

Chainlink (LINK)

It is a decentralized blockchain generalization layer that brings together universally connected smart contracts. It was established in 2017.

According to CoinMarketCap, LINK price is $24.94 and ranks #18. In addition, it has a market cap of $11,400,397,475. It also has a circulating supply of 458,009,553.92 LINK, a maximum supply of 1,000,000,000 and a total supply of 1,000,000,000.

Terra (LUNA)

It is a blockchain protocol with its own native token, LUNA, that uses fiat-pegged stablecoins listed USDT, USDC, etc, to support the payments systems. It was established in April 2019.

According to CoinMarketCap, LUNA price is $38.19 and ranks #11. In addition, it has a market cap of $15,302,759,382. It has a circulating supply of 401,888,019.22 LUNA. It has no maximum supply but has a total supply of 971,138,572.

Solana (SOL)

It is open-source software that uses blockchain’s permissionless feature to promote scalability while leveraging on decentralized finance solutions. It was launched in March 2020.

According to CoinMarketCap, SOL price is $149.41 and ranks #7. In addition, it has a market cap of $44,810,442,623. It has a circulating supply of 299,903,096.12 SOL. It has no maximum supply but has a total supply of 506,348,782.

Tether (USDT)

It is a stablecoin that is pegged to the USD aimed to bring stability and the feature of decentralized finance to it.

According to CoinMarketCap, USDT price is $0.9997 and ranks #5. In addition, it has a market cap of $68,761,537,435. It has a circulating supply of 68.78B USDT. It has no maximum supply but has a total supply of 71,385,677,465.

The Graph (GRT)

It is primarily an indexing protocol to query the data for networks like Ethereum and IPFS. Anyone can create and publish open APIs known as subgraphs to query or retrieve blockchain data.

According to CoinMarketCap, GRT price is $0.6865 and ranks #49. In addition, it has a market cap of $3,237,617,364. It has a circulating supply of 4.72B GRT, a maximum supply of 10,057,044,431 and a total supply of 10,000,000,000.

Serum (SRM)

It is a decentralized exchange (DEX) and ecosystem that supports DeFi (decentralized finance). It has its native token SRM and also has phenomenal speed and low transaction costs.

According to CoinMarketCap, SRM price is $7.50 and rank #96. In addition, it has a market cap of $997,413,714. It has a circulating supply of 133,231,781.00 SRM, a maximum supply of 10,161,000,000 and a total supply of 1,092,844,982.

Waves (WAVES)

It is a multi-purpose blockchain platform, with a native token WAVES, that supports smart contracts and DApps (decentralized applications). It was launched in June 2016.

According to CoinMarketCap, WAVES price is $29.36 and rank #51. In addition, it has a market cap of $3,121,804,319. It has a circulating supply of 106,413,820.00 WAVES. It has no maximum supply but has a total supply of 106,413,820.

The Solana ecosystem holds a lot of promise for the future, and it is one of the platforms that crypto enthusiasts believe will increase in popularity soon.

https://twitter.com/vaultapp_/status/1447666420163219456?s=19

When a Twitter user was asked why they chose Solana, they responded: 

https://twitter.com/NinthPlanetNFT/status/1447276078242975745?s=19

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