Uniswap overtakes Solana and becomes 16th top crypto
Uniswap decentralized exchange (DEX) has overtaken Solana (SOL) as the 16th cryptocurrency with the highest market cap.
Market data indicate that Uniswap's market cap stands at $3.875 billion which is 5.36% higher than Solna's current market cap of $3.678 billion.
Solana's price fell for eight months with few instances of recovery the allegations of bad management and its exposure to collapsed FTX exchange continue to plague its survival and dim recovery chances.
According to Market data, the total value locked in Solana's decentralized finance (DeFi) ecosystem dropped by 98% from its all-time high of $10.17B down to $230.79 million.