Solana’s Impressive Comeback and Ecosystem Highlights
#Solana has made a significant comeback in the crypto world. After being valued at just $8 in December 2022, its price has surged to around $178. This remarkable recovery has positively impacted various projects within the Solana ecosystem. As we look towards a potentially bullish end to 2024 for altcoins, here are three noteworthy projects on Solana:
Jupiter
Jupiter, Solana’s top swap aggregator, is doing exceptionally well. According to DeFi Llama, it has a total value locked (TVL) of $553 million, making it the sixth largest $DeFi project on Solana. Jupiter has seen substantial growth since the beginning of the year.
Token: JUP
Price: $1.10
Market Cap: $1.385 billion
Circulating Supply: 1.35 billion out of 10 billion max supply
Pyth Network
Pyth Network is a financial oracle that provides real-time price feeds for various assets, including $cryptocurrencies and commodities. It updates price data more frequently than competitors, ensuring high accuracy.
Token: PYTH
Price: $0.38
Market Cap: Just below $1.4 billion
Circulating Supply: 3.6 billion out of 10 billion max supply
io.net is a key player in decentralized cloud computing, offering decentralized GPU access for AI and machine learning applications. This approach offers cost efficiency, scalability, and immediate access compared to centralized options.
Token: io
Price: $2.79
Market Cap: $278 million
Circulating Supply: 95 million out of 800 million max supply
