Top 5 Solana Ecosystem Tokens Below $5M Market Capitalization to Watch in September 2022
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Solana, an open source project that started in 2017, is a new, high-performance, permissionless blockchain with a more affordable throughput. Solana Ecosystem is solid with a total market capitalization of $87,080,020,875 and a trading volume of $69,239,662,605.
Note: Their market cap ranks this list from lowest to highest
Tulip Protocol (TULIP)
- Unit price: $3.44
- Market value: $2,802,471
- Distinctive features: Profit utilization is one of Solfarm’s core value promises.
Solfarm is Solana’s first decentralized blockchain revenue aggregator with automated compound inventory technology. It was created to take advantage of Solana’s highly efficient and affordable blockchain. With less active management required, it allows for regular compounding of vault techniques and offers punters a better APY.
Maatila strives for a streamlined user experience with optimal APYs and set-and-forget tactics, although the platform is currently in beta and all code is experimental.
By providing liquidity to Solana’s native DEXE devices such as Raydium and SABER, it sets the bar for similar services such as Uniswap on Ethereum and PancakeSwap on BSC. In Solfarm, users generate liquidity and receive interest on their investments and Solfarm’s native administrative token TULIP, while exchanges benefit from increased liquidity.
Exchange – TULIP trades on FTX, Gate.io, LATOKEN, Jupiter and AEX with a 24-hour trading volume of $92,212.90.
- Unit price: $0.005804
- Market Value: $2,870,450
- Clear features: With over 18 dex and AMM integrations, PRISM offers swaps on the widest range of tokens at the best prices.
To ensure the best price, PRISM, Solana’s index aggregator automatically routes your transactions between different liquidity sources. The platform has both basic and additional features.
Basic features include an intuitive exchange interface, while additional features include a fully functional order book-based DEX.
According to an overview of the platform’s statistics, approximately $66,524,751.71 is traded on the platform, with approximately 332,101,645.96 PRISM staked, which is 66% of the circulating supply.
Exchange – PRISM trades on FTX, Gate.io, Jupiter and Raydium with a 24-hour trading volume of $47,963.72.
DeFi Land (DFL)
- Unit price: $0.001336
- Market Value: $3,369,098
- Distinctive features: DeFi Land is built on well-known platforms; players access the game using the well-known AMM, DEX and lending protocols.
A multi-chain agricultural simulation game called DeFi Land was developed to gamify decentralized finance. All the features of traditional platforms are included in our game, but they are centralized.
The game allows players to start playing for free, progress to the play-2-earn level, participate in racing, crafting, trading, and more. Players access multiple pools and betting platforms through their user interface when they try out Yield Farming in the game. Every asset in DeFi Land represents a monetary unit.
Some use cases for the DFL native utility token include:
- Racing, betting, tipping.
- Trading with in-game assets and NFTs.
- Used in administrative voting to determine the allocation of network resources.
Exchange – DFL trades on MEXC, Bybit, FTX, Gate.io and LATOKEN with a 24 hour trading volume of $152,161.
- Unit price: $0.02314
- Market value: $3,928,363
- Distinctive features: Users can use automated arbitration methods using the API and arbitration tools provided by OpenOcean.
The best DEX aggregator, OpenOcean, combines the best sources of liquidity from different blockchains into a single, smooth trading interface to provide customers with a one-stop trading experience!
The most efficient DEX aggregation mechanism for cryptocurrency trading is OpenOcean, which receives liquidity from DeFi marketplaces and supports inter-chain swaps.
Users of the product only have to pay the standard blockchain gas and exchange fees for trades, which are charged by the exchanges, not by OpenOcean. The product is free to use.
In addition to combining swap contracts, OpenOcean continues to do so with derivative products and presents its advanced asset management services.
Exchange – OOE trades on MEXC, KuCoin, Gate.io, DigiFinex and BitMart with a 24-hour trading volume of $514,595.
- Unit price: $0.09819
- Market Value: $4,398,810
- Distinctive features: InsurAce’s primary goal is to protect customers through easy product availability and efficient investment management.
A decentralized protocol called InsurAce.io promises to provide reliable insurance services. The protocol provides flexible and reliable protection for decentralized finance (DeFi) funds.
Low insurance costs, high return on invested capital, cross-chain coverage and wallet accessibility are the benefits promised to customers.
Being both a DeFi and an insurance protocol, InsurAce.io has two functional investment and insurance platforms. They work together to provide the platform with zero-fee insurance and stable profits for the insured, insurer and investor.
The creators claim that the portfolio-based product design, unique pricing structure, and stable investment returns allow users to receive very low commissions that are close to nothing.
Exchange – INSUR trades on MEXC, Bybit, BingX, Huobi Global and Gate.io with a 24-hour trading volume of $257,289.
Disclosure: This is not trading or investment advice. Always do your research before buying cryptocurrency or investing in services.
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