Smart Contract Tokens Command 26% of Crypto
The smart contract platform tokens have experienced a strong week, with the top ten performers all showing growth against the U.S. dollar.
Ethereum (ETH) has seen a 4.2% jump, while Solana (SOL) has seen a 32.5% surge. The sector has seen 32 crypto assets achieve double-digit percentage increases, starting with OMG’s 10.2% increase and scaling up to JUNO’s 110.8% escalation.
As of November 5, these platform tokens hold a market cap of $357 billion, accounting for 26% of the total value of the crypto economy. Ethereum dominates the market, with its value appreciating by 4.2% this week. Other tokens like Cardano (ADA), tron (TRX), and Chainlink (LINK) also experienced gains. Five smart contract tokens have even seen gains exceeding 35%, with Junio (JUNO) skyrocketing by 110.8%, Bitrock (BROCK) with a 69% gain, and phantasma (SOUL) with a 49.3% boost.
(With inputs from Shikha Singh)
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