Solana, the crypto ‘failure’, is making a comeback, with three altcoins to watch
JUP
Solana’s leading swap aggregator Jupiter is thriving. It has a total value locked (TVL) of $553 million, ranking sixth among all Solana DeFi projects, according to DeFi Llama. Jupiter’s growth has been eye-catching since January.
JUP tokens were launched in January 2024 and are currently priced at just over $1.10 with a market cap of $1.385 billion. There are 1.35 billion tokens in circulation out of a maximum supply of 10 billion.
Pyth Network
Pyth Network is a financial oracle that provides real-time price feeds for cryptocurrencies, stocks, forex pairs, ETFs, and commodities. Pyth’s update frequency exceeds that of competitors like Chainlink, with more than 90 million updates per day, ensuring highly accurate price data. The current price of PYTH is around $0.38, with a market cap of just under $1.4 billion. There are 3.6 billion tokens in circulation out of a maximum supply of 10 billion.
io.net
io.net is a major player in the decentralized cloud computing space, providing on-demand decentralized GPU access for machine learning and AI applications. This decentralized approach offers significant advantages over centralized competitors, such as cost efficiency, scalability, and instant access to GPUs.
io tokens are used to rent GPUs and other services, and are currently priced at $2.79. Its market cap is $278 million, with 95 million tokens in circulation and a maximum supply of 800 million.
