- Tether facilitates cross-border transactions using traditional currencies in the blockchain, eliminating volatility.
- Solana combines PoH and PoS to improve scalability for decentralized applications, attracting both merchants and developers.
- USDC is a stablecoin pegged to the US dollar, intended to make cashless transactions more secure across industries.
The Solana ecosystem is undoubtedly one of the most explosive in DeFi, with tokens that have enormous growth potential. As more developers and merchants move towards the chain due to its innovative technology and high scalability, some tokens within the ecosystem are closer to the moon. This guide reveals the most liquid Solana-based tokens, primed for a revival and one that you can’t miss as a digital asset class in 2024. Even if you’re a seasoned investor or new to crypto, these tokens are overflowing with potential to change the face of DeFi.
Tether (USTD) Blockchain Policy Allows Fiat Currencies
Current price:$1.00
Market cap: $119.6 billion
Launched in 2014, Tether is a blockchain-based digital platform projected for the digital use of cash. The platform allows users to conduct their transactions using traditional currencies on the blockchain, without the volatility and difficulties typically associated with digital currencies. The first to support digital applications that use conventional currencies on a blockchain platform, Tether has made borderless transactions possible without much effort.
Solana(SOL) is revolutionizing decentralized financial solutions
Current price:$145.10
Market cap: $68.0389 billion
Solana is an open source project that aims to provide decentralized financial DeFi solutions using a permissioned blockchain. Officially announced in 2020, the Solana Foundation, headquartered in Geneva, operates the platform, allowing developers to build decentralized applications on a blockchain-based hybrid consensus model that includes both proof-of-history and proof-of-stake. As such, it has come to the attention of both retail and institutional traders. The platform is working to expand decentralized finance to an even larger market.
USDC: a stable coin for the digital age
Current price:$0.9999
Market cap: $35.5 billion
USDC is a stablecoin pegged to the US dollar on a one-to-one ratio, with each unit issued backed by cash and short-term US government bonds. Launched in 2018, USDC is designed to provide businesses with a highly secure and highly stable way to conduct cashless transactions. If not acting as a safe haven for traders in highly explosive markets, USDC is expected to find application in a wide range of sectors including decentralized finance and gaming, to name a few.
Chainlink(LINK) calls on the next generation in Blockchain
Current price:$11.23
Market cap: $7.039 billion
Founded in 2017, Chainlink has grown into an abstraction layer for blockchains and enabled the building of smart contracts that are universally connected. Powered by an open source community, the decentralized oracle network allows blockchains to securely and remotely access any data feed, including multiple payment methods and events. Data providers, node operators and smart contract developers all contribute in a decentralized manner.
Render(RENDER) Network: GPU rendering for the digital economy
Current price:$5.43
Market cap: $2.8 billion
Render Network provides decentralized GPU-based rendering solutions by connecting node operators with idle GPU power to artists and developers who need large-scale 3D rendering capabilities. Through its peer-to-peer network, Render enables efficient and scalable rendering processes, fueling innovation in the growing digital economy.
