Cryptocurrencies behind several layer 1 blockchain networks have all jumped double-digits this morning.
Solana, a speedy proof-of-stake (PoS) blockchain, has enjoyed a jump of more than 16% over the past 24 hours. The layer-1 token’s rise could be attributed to Coinbase, the largest U.S.-based crypto exchange, listing two Solana-based tokens, Bonfida (FIDA) and Orca (ORCA).
Additionally, the network’s leading crypto wallet, Phantom, just raked in another $109 million. Paradigm led the latest round, pushing the wallet provider’s valuation to $1.2 billion.
“Partnering with OneOf, a leader in the emerging technology space of Web3 and NFTs, gives our artists an edge in more authentically building one-to-one relationships with their fans and winning in the new Web3 economy,” Oana Ruxandra, Warner’s VP of business development.
Terra, a DeFi-centric layer-1 protocol built using Cosmos, has also rebounded by nearly 12% after a brutal week which resulted in LUNA, the network’s native token, shedding nearly 20%.
UST price. Source: CoinGecko.
Today, Bitcoin is up by nearly 2.6% and Ethereum is up 7%.
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.