Top smart contract tokens gained 44% against greenback in 2 months ahead of Ethereum merger – Altcoins Bitcoin News

With The Merge coming next week and Cardano’s Vasil hard fork starting soon after, the market capitalization of leading smart contract tokens based on valuation has increased 1.19% in the past 24 hours to 316 billion. dollars on September 11, 2022. In addition, the market capitalization of the best crypto assets of smart contracts today increased by 44.35% against the US dollar since the end of June.

The best smart contract tokens by market cap earn more than 44% in 80 days

The best smart contract tokens by market cap have risen a lot in the past couple of months before the highly anticipated Ethereum merger. When The Merge occurs, the second largest crypto asset by market capitalization and the largest smart contract token by valuation, Ethereum (ETH)

will move from proof-of-work (PoW) to proof-of-stake (PoS).

Ethereum has gained a decent amount of value up to The Merge, which is expected to happen in just over two days or so. September 14, 2022. In addition to The Merge, Cardano’s blockchain network is expected to update on September 22. At the time of writing on September 11, 2022, the aggregate USD value of leading smart contract tokens by valuation is up 1.19% today.

In 2 months the best Smart Contract tokens gained 44% against the greenback ahead of the Ethereum merger
The top five smart contract tokens by market capitalization on September 11, 2022.

According to coinmarketcap.com, there is $ 316 billion of collective value among the best crypto assets for smart contracts data. The top five smart contract tokens in terms of valuation include ethereum (ET), bnb (BNB), cardan (ADA), avalanche (AVAX) and ethereum classic (ETC) respectively.

During the last week ET increased by 12.52%, BNB jumped by 6.05%, ADA was up 2.67%, AVAX gained 8.15% and ETC was up 19.34%. Smart contract token prices are much higher than they were 80 days ago when it was the aggregate total value of all of them $ 218.9 billion on June 23, 2022.

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In 2 months the best Smart Contract tokens gained 44% against the greenback ahead of the Ethereum merger
The top five smart contract tokens by market capitalization as of June 23, 2022, according to data from archive.org.

In that day, ET was trading hands for $ 1,132 per unit after hitting a low of 877 per ether on June 17. BNB was traded for $ 228 on June 23 and ADA was $ 0.47 per unit. 80 days ago, AVAX was trading at $ 17.92 and chainlink (LINK) at $ 6.97. LINK was early ETC that day, but since then chainlink is below Ethereum Classic ETCThe recent rise.

The total value locked in decentralized finance (defi) protocols has also increased since June 23 as the TVL was around $ 55.29 billion. Today, defillama.com statistics shows that the TVL is about $ 60.26 billion or an increase of about 8.98% since then.

Top smart contract token gains this week include liquidapps (DAPP), up 124.05%, aergo (AERGO), up 118.57%, and enecuum (ENQ), which gained 112.86% . The biggest losers of the week in terms of smart contract coin losses over the past week include salt (SALT), down 35.82%, edgeware (EDG), down 13.28%, and aurora (AOA), down 10% this week.

Tag in this story

$ 316 billion, ada, aggregate total value, alternative currencies, Avalanche, AVAX, bnb, Cardano, cardano (ADA), Chainlink, Cryptocurrencies, decentralized finance, DeFi, ETC, ETH, Ethereum (ETH), Ethereum Classic, LiNK, smart coin contract, Smart Contract token value, Smart Contract token, The Merge, total locked value, TVL, Updates, Vasil hard fork

What do you think of the gains that smart contract tokens have seen that led to The Merge and Cardano’s Vasil hard fork? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the News Lead of Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News on the disruptive protocols emerging today.




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