Solana Ecosystem Tokens Surge by 300% Over the Last 24 Hours

  • The data was collected from CoinMarketCap.
  • Solana has spiked in value by 12% over the last 24 hours.

CoinMarketCap data reveals that top Solana ecosystem tokens have put out the best performance in the last 24 hours. The data reveals that the Solana ecosystem tokens have surged by 303% in the last 24 hours.

Some of the top tokens in the Solana ecosystem by market cap are Tether, Solana, Chainlink, The Graph, Render Token, etc. However, the major price gain in the Solana ecosystem has been exhibited by the Solana token itself. SOL is up by 12.17% in the last 24 hours. It is trading at $26.46 at press time.

Solana has also risen by 29% in the last seven days. Incredibly, the market cap of SOL is also up by 12.18% alongside the 24-hour trading volume, which spiked by 363.4% according to CoinMarketCap data.

The major reason for this pump is the latest migration news from Helium. Helium Network, a communications protocol, has scheduled its migration to the Solana blockchain and the implementation of oracles for March 27. The move is aimed at enhancing scalability and dependability.

Flagged as the “Ethereum-killer,” Solana has depicted double-digit gains in terms of price, and there has also been an increase in the trading volumes of Solana-based NFTs.

The anticipated migration is set to take place on March 27th. According to CoinGecko, the native token of Helium, HNT, has increased by approximately 6% within the last 24 hours.

Solana was gravely affected by the fallout of the FTX exchange. However, SOL has begun 2023 on a positive note, as it is trading in the green amid the minor gains of other cryptocurrencies in the last 24 hours.

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