• Solana has emerged as one of the top gainers in 2023, with a price appreciation of over 100%.
• Rival tokens like Avalanche (AVAX) and Cardano (ADA) failed to match SOL’s momentum this year.
• Cardano witnessed the highest surge in terms of total value locked in DeFi applications.

Solana has emerged as one of the top gainers in 2023, with its native cryptocurrency, SOL, adding more than 101% to its price since the beginning of the year. In comparison to SOL, the native cryptocurrencies of rival blockchains Avalanche (AVAX) and Cardano (ADA) failed to register such significant gains.

Data from CoinMarketCap showed that SOL went from $9.9 at the beginning of the year to $19.8 at the time of writing, adding more than $4.5 billion to its market capitalization. The crypto reached its yearly high of $29 in July. SOL’s daily trading volume came in at over $244 million.

ADA recorded a modest price appreciation of 8.3% since the beginning of January, going from $0.24 to $0.26. The crypto’s yearly high of $0.45 was witnessed on April 16, but it has lost more than 42% since then. ADA’s trading volume over the past 24 hours exceeded $90 million.

As for Avalanch…

The post Solana, Avalanche, or Cardano: Which Crypto Has the Biggest Gains This Cycle? appeared first on Coin Edition.

• Solana has emerged as one of the top gainers in 2023, with a price appreciation of over 100%.
• Rival tokens like Avalanche (AVAX) and Cardano (ADA) failed to match SOL’s momentum this year.
• Cardano witnessed the highest surge in terms of total value locked in DeFi applications.

Solana has emerged as one of the top gainers in 2023, with its native cryptocurrency, SOL, adding more than 101% to its price since the beginning of the year. In comparison to SOL, the native cryptocurrencies of rival blockchains Avalanche (AVAX) and Cardano (ADA) failed to register such significant gains.

Data from CoinMarketCap showed that SOL went from $9.9 at the beginning of the year to $19.8 at the time of writing, adding more than $4.5 billion to its market capitalization. The crypto reached its yearly high of $29 in July. SOL’s daily trading volume came in at over $244 million.

ADA recorded a modest price appreciation of 8.3% since the beginning of January, going from $0.24 to $0.26. The crypto’s yearly high of $0.45 was witnessed on April 16, but it has lost more than 42% since then. ADA’s trading volume over the past 24 hours exceeded $90 million.

As for Avalanch…

The post Solana, Avalanche, or Cardano: Which Crypto Has the Biggest Gains This Cycle? appeared first on Coin Edition.