The Merge is coming next week, and Cardano’s Vasil hard fork will begin soon. The market capitalization of top smart contract tokens based on valuation increased by 1.19% over the past 24 hours to $316 Billion on September 11, 2022. The market capitalization of top smart contract crypto assets has increased by 44.35% against USD since June.
Top Smart Contracts Tokens Gain More Than 44% in Less Than 80 Days
The market capitalization of the top smart contract tokens has increased significantly in the past two months, ahead of Ethereum's much-anticipated Merge. When The Merge occurs, Ethereum (ETH), the second-largest crypto asset by market capitalization and largest smart contract token according to valuation, will switch from proof-of work (PoW), to proof-of–stake (PoS).
Ethereum has seen a significant increase in value prior to The Merge, which is expected to take place in less than two days, or around September 14, 2022. The Cardano blockchain network will also be upgrading on September 22. The aggregate USD value of smart contract tokens ranked by valuation at the time of writing is currently up 1.19%.
According to data from coinmarketcap.com, the top smart contract assets have a combined value of $316 billion. According to coinmarketcap.com data, the top five smart contract tokens are ethereum (ETH), BNB (BNB), cardano(ADA), Avalanche (AVAX), ETC (ETC), and avalanche [AVAX].
ETH rose by 12.52%, BNB jumped 6.05% and ADA soared by 2.67%. AVAX gained 8.15% and ETC rose by 19.34%. The prices of smart contract tokens are much higher than they were 80-days ago, when the total value of all of them was $218.9 million on June 23, 2022.
ETH traded for $1,132 per unit on that day after hitting a low of 877 on June 17. BNB traded at $228 per unit on June 23, while ADA was $0.47/unit. AVAX traded for $17.92 80 days ago and chainlink (LINK was $6.97 LINK led ETC that day, but chainlink has fallen below ethereum classical since ETC's recent rise.
Since June 23, the TVL was $55.29 billion. This means that decentralized finance protocols have a greater total value. Defillama.com statistics show that the TVL today is $60.26 billion, an 8.98% increase since June 23.
This week's biggest smart contract token gains were liquidapps (DAPP), which rose 124.05%, Aergo (AERGO), which rose 118.57%, as well as enecuum, (ENQ), that gained 112.86%. Salt (SALT) and edgeware (EDG), which are both down 13.28% and aurora (AOA), respectively, were the week's largest smart contract coin losers.
What are your thoughts on the smart contract tokens' gains leading to The Merge? Please comment below to let us know your thoughts on this topic.
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By: Jamie Redman
Title: In 2 Months the Top Smart Contract Tokens Gained 44% Against the Greenback Ahead of Ethereum’s Merge
Sourced From: news.bitcoin.com/in-2-months-the-top-smart-contract-tokens-gained-44-against-the-greenback-ahead-of-ethereums-merge/
Published Date: Sun, 11 Sep 2022 23:30:48 +0000
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