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.

Uniswap overtakes Solana and becomes 16th top crypto

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.


Uniswap's market cap is currently higher while Solana is worth less than Uniswap.

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. 

Polygon has already started poaching Solana projects to move them onto their platform ongoing general market uncertainty may be unkind to Solana and further slow its value.

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