- Luna Classic’s (LUNC) revival post-UST collapse highlights Terra Classic’s resilience under the Ecosystem Revival Plan 2.
- Wormhole enables seamless multichain interoperability, securing $40B+ in cross-chain transfers across 30+ blockchains.
- The Graph simplifies blockchain indexing with 3K+ subgraphs, empowering apps like Uniswap and Aave to access decentralized data.
The Solana ecosystem hosts some of the most innovative tokens with immense growth potential. From Luna Classic’s resilient comeback to Wormhole’s seamless multichain interoperability, The Graph’s efficient blockchain data access, and Helium’s decentralized IoT network, these tokens are reshaping the future of blockchain technology.
Luna Classic (LUNC) and Terra’s Blockchain Revival
Current price:$0.000130
Market cap: $719.81M
Terra’s blockchain provides the user with stablecoins backed by major currency. After the collapse of its algorithmic stablecoin UST in May 2022, Terra split into two chains: Terra Classic and Terra (LUNA).
The original chain, now Terra Classic, retained its native token Luna Classic (LUNC). The collapse occurred when UST lost its dollar peg, causing hyperinflation of LUNA tokens. Under the Terra Ecosystem Revival Plan 2, the Terra Classic chain continued, while LUNA tokens were airdropped to holders on the new Terra chain.
Wormhole(W) Role in Blockchain Interoperability
Current price: $0.3284
Market cap: $911.92M
Wormhole is a current solution that offers a bridge to over 30 blockchains, with tokens and data exchange security. It helps in DeFi, NFT and governance by connecting multichain apps to users and liquidity across networks.
Trusted by Circle and Uniswap, Wormhole has facilitated over $40 billion in transfers through one billion cross-chain messages. Its open-source nature encourages collaborative development, enhancing scalability and integration.
The Graph(GRT) Blockchain Indexing Solution
Current price: $0.2751
Market cap: $2.62B
The Graph enables decentralized indexing and querying of blockchain data, supporting networks like Ethereum and IPFS. Applications use subgraphs to retrieve data efficiently with GraphQL.
With over 3,000 subgraphs deployed for platforms like Uniswap and Aave, The Graph simplifies blockchain data access. Backed by major investors, it continues expanding through a decentralized network and hosted services.
Helium(HNT) Decentralized IoT Network
Current price:$8.75
Market cap:$1.53B
Helium offers a network for Internet of Things (IoT) devices. Its nodes, called Hotspots, act as wireless gateways and mining devices, earning users Helium’s token, HNT.Helium ensures reliable network connectivity using a proof-of-coverage consensus mechanism. Transaction fees are paid with non-exchangeable Data Credits, supporting global communication for low-powered IoT devices.
DISCLAIMER:
The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
