Key Solana-Based Tokens and Their Market Trends

Solana has picked up momentum, with several projects popping up as key players in its ecosystem. Investors are watching closely to see if these tokens will

Solana (SOL) has picked up several key projects in its ecosystem, and investors are watching closely to see if these tokens will drive the next altseason. As market conditions continue shifting, understanding these projects can help traders make smart decisions.

Solana is currently trading at $208.75, showing a 3.76% increase in the last 24 hours. Its trading volume reached $9.29 billion, indicating strong investor interest. This upward trend signals renewed confidence in Solana’s ecosystem.

Several projects built on Solana are also seeing price surges and increased trading activity. Here's a look at some of the top performers:

Pyth Network ($PYTH) gained 1.80% in the past 24 hours and is trading at $0.203. With an $85.32 million trading volume, PYTH, a top data oracle provider, saw a slight 1.66% price decrease over the last seven days.

Wormhole ($W) recorded a 2.85% price rise, reaching $0.183, and its $111.45 million trading volume highlights its growing importance in cross-chain liquidity solutions. W also saw a 25.18% price decrease in the past week.

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More Solana Projects Gaining Traction

Neon ($NEON) surged 4.58% in 24 hours and 21.23% over the past week, trading at $0.274. Neon, a decentralized exchange (DEX) token, saw a 31.88% price increase in the last seven days and continues to attract investor attention with its market cap of $65.14 million.

Swarms ($SWARMS) saw a massive 20.43% spike, trading at $0.056, driven by high trading volume of $SWARMS. SWARMS, a decentralized wireless network token, also saw a substantial 27.13% price increase in the last seven days.

Drift Protocol ($DRIFT) is priced at $0.7436, showing a slight 2.73% increase over the last day. However, DRIFT, a derivatives protocol on Solana, also saw a 21.14% decline in the past seven days, indicating some volatility.

Metaplex ($MPLX) increased by 3.74%, trading at $0.284. Even with its smaller volume of $3.80 million, MPLX, a non-fungible token (NFT) marketplace on Solana, is relevant due to its role in Solana’s NFT sector.

Helium IOT ($IOT) recorded an 8.29% gain in 24 hours, reaching $0.0005093. However, IOT, an Internet of Things (IoT)-focused token on Solana, dropped 8.93% over the week, reflecting the fluctuations in the token.

MobileCoin ($MOBILE) dropped 8.76%, trading at $0.1536 and saw a 20.08% price decrease in the last seven days. MOBILE, a privacy-focused cryptocurrency, saw a slight decrease from the previous week.

Jito ($JTO) surged 9.63% in the last day, trading at $2.98, with a market cap of $864.11 million. JTO, a decentralized derivatives exchange on Solana, saw a 12.08% price increase in the past seven days.

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