Top 10 Solana (SOL) ecosystem projects by development activity

lengthy story brief

• Because of current development, Solana and its tasks have gotten more and more well-liked.
• Ecosystem meme cash like Dogeifhat (WIF) and Bonk Inu (BONK) have seen vital declines after rising sharply earlier this yr.

Unsurprising chief

Solana and the various tasks constructed on prime of it are very talked-about in 2024.

Crypto analytics platform Santiment Just lately Overview High 10 tasks based mostly on Solana in line with Growth exercise over the previous 30 days.

some anticipatedFirst place went to Solana itself, with a rating of 186.33. It’s price noting that the protocol’s native token SOL has been expertise It is down about 30% because the finish of July and is presently buying and selling round $127 (in line with Coingecko).

Wormhole got here in second with a ratio of 90.5. It could possibly function a bridge connecting varied blockchain networks, akin to Solana, Ethereum, BNB Sensible Chain, and so forth. It allows customers to switch digital belongings and information on these blockchains with out the necessity for centralized intermediaries.

Pyth Community ranks third with a rating of 68. It serves as a decentralized The place is Oracle Networks? A number of suppliers contribute to the collective information feed.

JITO and Neon spherical out the highest 5. Different Solana-based tasks offline Together with Drift, Orca, Helium IOT, Helium Cellular and Metaplex.

Lacking particular person

curiously, Meme cash which are a part of the Solana ecosystem don’t seem on the listing. Such tokens embrace canine wiffle hat (WIF), Bonk Inu (BONK), and so forth. extra, They grew to become one of many hottest matters within the cryptocurrency area at the start of the yr on account of skyrocketing costs.

But their progress has stalled as of just lately. Wi-fi IF – Largest Solana-based memecoin by way of market cap – It’s presently buying and selling at round $1.52, down greater than 70% from April’s ATH.

BONK (the second largest) is At present price roughly $0.00001666 USD60% decrease than the height in Could.