In this article, we will understand all about the Solana Ecosystem Coins and their features.
Solana is a platform that offers maximum support for Decentralized Applications (DApps).
The Solana blockchain has become a strong one for hosting other projects and tokens. It is somewhat reliable as Ethereum, and some might even say more reliable than the Ethereum network.
Through its proof-of-history, the Solana blockchain has augmented its effect in the exchange system as using the proof-of-history has made it possible for the platform to handle more than a thousand transactions per second, unlike its counterpart Ethereum, which can only perform 30 transactions per second.
This reason and more, including the easy migration of protocols into the Solana system, has made the blockchain even more desirable among users and developers worldwide.
It will also be e essential to note that one of the significant features of the Solana network that makes it even better as a platform for hosting different DApps, tokens, and coins is the cheap rate at which it is used for the transaction.
The Solana platform doesn’t charge as much as the Ethereum network on gas fees and other transactional fees. This has to serve as an added advantage for why the Solana network has become popular on the exchange and crypt market.
Top 10 Solana Ecosystem Coins
There are many projects and tokens on the Solana network. This is no surprise, as the positive features already outlined in this article are enough to make the platform much desired among investors and project owners.
- Serum (SRM)
The Serum token has leveraged the best features of Solana to build its platform, which has helped make the coin/token even more string in the coin market.
The Serum token can be purchased on the Binance exchange and some other notable exchanges. The coin has a rank of #126 on CoinMarketCap with a price of $10.4 as of the time of writing this article.
ChainLink is a platform that has more of its processes and methods based on real-world experiences.
The ChainLink blockchain also uses the Solana Network to drive super-fast transaction processing, making it stand out as a blockchain cryptocurrency.
Many other platforms like Huobi can now use the ChainLink project to handle businesses and transactions and easily access their data.
The LINK token can be purchased from Binance exchange and some other notable exchanges like Kraken. The coin has a rank of #14 on CoinMarketCap with a price of $26.28 as of the time of writing this article.
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There is a total of 49 Million Ray tokens in circulation with a price of $14.33 and rank of #94 on CoinMarketCap as of writing this article.
The Raydium token/coin can be traded on Uniswap and other notable exchanges that have the coin listed on their platform.
These are the major blockchains and tokens running on the Solana platform, making them major tokens in the crypto world.
Other blockchain tokens running on the Solana platform making them part of the Solana ecosystem coins includes:
- Ren (REN)
- Waves (WAVES)
- Aleph.im (ALEPH)
- Civic (CVC)
- Oxygen (OXY)
- The Graph (GRT)
- Star Atlas (ATLAS)
Have any questions regarding the Solana project and other Solana ecosystem coins? Leave a comment below so we can know your thoughts.
Christopher is a highly skilled writer who possesses a deep understanding of the interplay between financial markets and technology. His goal in writing is to deliver expert analysis through written content that is easy for readers to comprehend.
With a keen interest in cryptocurrencies and the blockchain industry, he has been among the earliest contributors to the Coin Decimal Crypto Blog.