With The Merge looming next week and Cardano’s Vasil hard fork launching shortly thereafter, the market capitalization of the top smart contract tokens by valuation increased 1.9% over the past 24 hours. It increased 19% to $316 billion on September 11, 2022. Additionally, the market capitalization of today’s top smart contract crypto assets has increased 44.35% against the U.S. dollar since the end of June.
The top smart contract tokens by market capitalization rose more than 44% in 80 days
The top smart contract tokens by market capitalization have increased significantly over the past two months ahead of Ethereum’s long-awaited merge; once The Merge takes place, the second largest crypto asset by market cap and the largest smart contract token by valuation,will be the second largest crypto asset by market cap and the largest by valuation,. Ethereum (ETH)will transition from proof-of-work (PoW) to proof-of-stake (PoS).
Ethereum has gained a good amount of value for The Merge, which is scheduled to take place in a little over two days or around, on September 14, 2022. In addition to The Merge, the Cardano blockchain network is also scheduled to be upgraded on September 22; as of this writing on September 11, 2022, the combined USD value of the top valued smart contract tokens is up 1.19% today.
According to datafrom coinmarketcap.com there is a collective value of $316 billion among the top smart contract crypto assets. The top five smart contract tokens by valuation include ethereum (ETH), bnb (BNB), cardano (ADA), avalanche ( AVAX ) and ethereum classic (ETC) respectively.
During the past weekETHrose 12.52%,BNBrose 6.05%,ADAswelled 2.67%, AVAX rose 8.15% and ETC rose 19.34%. Smart contract token prices are much higher than they were 80 days ago on June 23, 2022 when they all totaled$218.9 billion
On that day,ETHwas trading at $1,132 per unit after hitting a low of $877 per ether on June 17. 60} BNBwas trading at $228 on June 23 andADAwas at $0. ADAwas at $0.47 per unit. 80 days earlier, AVAX was trading at $17.92 and chain link (LINK) was at $6.97. LINK wasIt was ahead ofETCthat day, but Chainlink has traded below Ethereum Classic sinceETC‘s recent rise.
The total value locked into the decentralized financial (defi) protocol has jumped as well since June 23, as TVL was about $552.9 billion. Today, according to defillama.comstatistics, TVL is about $60.26 billion, up about 8.98% since then.
The biggest gainers of smart contract tokens this week were liquidapps (DAPP), up 124.05%, aergo (AERGO), up 118.57%, and enecuum (ENQ), up 112.86%. Smart contract coin losses over the past week include salt (SALT) down 35.82%, edgeware (EDG) down 13.28%, and aurora (AOA) down 10% for the week.
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