After the Ethereum Cancun upgrade was completed, the high-profile OP and ARB did not complete the upgrade immediately. This caused market funds to shift to Solana, causing its ecological tokens to generally rise. The Solana ecosystem has deployed a A series of initiatives consistent with its ongoing vision led to a rapid recovery and regained market share.
According to market value and other data, the leading currencies on the Solana chain include SOL, LUNA, AKT, RAY, AUDIO, etc. Solana is a high-performance public chain with three core features: expansion, decentralization, and low cost. As hardware, bandwidth, and network capacity improve, network performance will expand accordingly. Solana is committed to supporting Internet-scale blockchain applications. The following is a detailed introduction to the leading currency SOL:
1. SOL
The market value of SOL coin is US$74.49 billion.
SOL is the native token of the Solana blockchain. Solana uses a delegated proof-of-stake consensus algorithm to incentivize token holders to validate transactions. As part of Solana's security design, all fees will be paid in SOL and burned, reducing the total supply. This deflationary SOL mechanism incentivizes more token holders to participate, thereby improving network security.
2. LUNC
The market value of LUNC currency is US$755 million
LUNA and Terra are platform tokens used for the issuance of stable coins (TerraSDRs), price Stability mechanisms, and network governance. Users can exchange LUNA tokens for TerraSDRs stablecoins and vice versa. In this way, the price stability of the stablecoin is guaranteed.
3. AKT
The market value of AKT currency is US$630 million
Akash is a decentralized cloud computing market and a decentralized cloud designed for DeFi (DeCloud) can release 85% of the underutilized cloud computing power in 8.4 million data centers. Akash enables anyone to buy and sell unused computing power.
Akash Network is a fully autonomous proof-of-stake blockchain developed on Cosmos Hub. It uses the native functional token Akash Token (AKT) as the main means to govern and protect the blockchain, and provides a A default mechanism to store and exchange value. AKT will serve as the reserve currency in the Akash multi-currency and multi-chain ecosystem, and at the same time ensure the economic security of the platform's public blockchain through staking.
4. RAY
The market value of RAY coin is US$386 million
Raydium is an automated market maker (AMM) and liquidity provider built on Solana On the blockchain, used in decentralized exchanges (DEX). Raydium has first-mover advantage as an AMM in Serum and will be integral in bringing new and existing projects and protocols into the ecosystem.
5. AUDIO
The market value of AUDIO coin is US$209 million
Audius is a decentralized music sharing and streaming protocol designed to promote listeners and creators A direct transaction between the two, allowing everyone to freely distribute, commercialize and stream any audio content. AUDIO token is the native token of the network and is mainly used for mortgage, storage, governance and other purposes.
The future prospects of the Solana chain are not bad. The current Solana blockchain has quickly become a leading platform in the cryptocurrency field, known for its speed, efficiency and scalability. A key factor behind this rise is the vibrant and ever-expanding developer community dedicated to Solana-based projects. This growth not only demonstrates Solana’s technical prowess, but also highlights the ecosystem’s commitment to fostering innovation and supporting developers.
Comparing Solana to its peers, especially Ethereum, reveals its competitive advantages in transaction speed and scalability, thanks to its unique proof-of-history (PoH) consensus mechanism. This technological advantage, coupled with a vibrant developer community and a growing list of dApps, makes Solana a strong contender in the blockchain space and may have a positive impact on its market performance.
Given Solana’s strong infrastructure and the growing popularity of blockchain technology, the future of SOL looks promising. Key factors to watch include the network’s continued scalability improvements, developer and user adoption, and the ability to maintain high transaction speeds at lower costs. In addition, the growing DeFi and NFT landscape on Solana can further consolidate its market position and attract more investors.
Binance (Binance) exchange is a global It is a global cryptocurrency exchange that serves 180 countries and regions including North America, Europe, Taiwan, the Middle East, Hong Kong, and Malaysia, provides more than 600 cryptocurrencies, and has 120 million registered users worldwide. Since 2018, Binance has been considered the world’s largest cryptocurrency exchange in terms of trading volume, with a 24-hour trading volume of US$76 billion.
Inventory: Founder Zhao Changpeng and his old employer Okcoin have been having constant disputes. They were not optimistic at first, but later they found that the performance of the platform was quite impressive!
OKX It is the world's top two virtual currency trading and Web3 platform, providing Bitcoin (BTC), Ethereum (ETH), USDT, Shiba Inu (SHIB), Ripple XRP, Doge and other virtual currencies to global users. Asset-to-crypto and derivatives trading services, conveniently and quickly manage investments in cryptocurrencies and other assets.
Inventory: OuYi’s trading volume, number of currencies, and security are among the best in China, and its handling fees are also low.
Huobi Global Professional Station is an innovative digital asset international station under Huobi Group that serves professional trading users around the world. It is committed to discovering high-quality innovative digital asset investments. Opportunity currently provides trading and investment services in more than 40 digital asset categories. It is headquartered in Singapore and is operated by the Huobi Global Professional Station team. Huobi Group is a globally competitive and influential comprehensive digital asset service provider, providing high-quality services to millions of users in more than 130 countries. It has independent trading business and operation centers in Singapore, Hong Kong, South Korea, Japan and other countries and regions. Huobi Group is in a leading position in the world in terms of technology platform, product lines, security risk control system, operation and customer service system.
Inventory: It has set the highest record for global Bitcoin trading platforms and is one of the largest Bitcoin trading platforms in the world.
Gate.io was established in April 2013 with the Chinese name "Open Sesame". It was formerly known as China's "Biter" exchange. The founder is a technology Dr. Han Lin, who was born. The original intention of Gate.io was to "find a safe trading place for everyone who believes in Bitcoin". This idea has been implemented in the development of Gate.io. After the tightening of regulatory policies in 9.4, Gate.io left China and has been developing overseas. Recently, it has also entered Southeast Asian markets such as Taiwan, Malaysia, Indonesia, Singapore, and South Korea. Gate.io is currently headquartered in the British Cayman Islands and provides fiat, spot and derivatives trading of cryptocurrencies to more than 4 million users from more than 130 countries. The official claims to provide 100% margin audit proof, authentic and transparent crypto asset trading services.
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