In 2 Months the Top Smart Contract Tokens Gained 44% Against the Greenback Ahead of Ethereum’s Merge – Altcoins Bitcoin News

With The Merge coming next week and Cardano’s Vasil hard fork commencing soon after, the market capitalization of the top smart contract tokens by valuation increased 1.19% during the past 24 hours to $316 billion on September 11, 2022. The market capitalization for the most popular smart contract crypto assets has grown 44.35% against USD since June.

The Market Capitalization Top Smart Contracts Tokens Gained More Than 44% In Less than 80 Days

The top smart contract tokens by market capitalization have increased a great deal during the last two months ahead of Ethereum’s highly anticipated Merge. Ethereum (ETH), the second most valuable crypto asset according to market capitalization and the biggest smart contract token in valuation, will be transitioning from proof of work (PoW), into proof-of stake (PoS) at The Merge.

Ethereum’s value has risen significantly in anticipation of The Merge. It is expected to take place within two days, or about September 14, 2022. The Cardano blockchain network will be upgrading on September 22. As of September 11, 2022 the total USD value for the top smart contracts tokens based on valuation was up 1.19%.

There’s $316 billion in collective value among the top smart contract crypto assets according to coinmarketcap.com data. According to coinmarketcap.com data, the top five smart contracts tokens are ethereum(ETH), BNB (BNB), cardano [ADA], avalanche (“AVAX”) and ethereum classical (ETC).

During the last week ETH increased by ​​12.52%, BNB jumped by 6.05%, ADA swelled by 2.67%, AVAX gained 8.15%, and ETC increased by 19.34%. The prices of smart contract tokens are much higher today than 80 days ago, when their aggregate value was $218.9 million on June 23, 2022.

ETH exchanged hands that day for $1132 per unit, just a few days after reaching a record low of 877 ether. BNB trades at $228 and ADA is $0.47 per units on June 23. AVAX trades for $17.92, and chainlink is $6.97. LINK was ahead of ETC on that day but chainlink is now below ethereum classic since ETC’s recent rise.

Since June 23, the TVL stood at $55.29 trillion. This means that decentralized finance protocols have seen a significant increase in value. Defillama.com statistics show that the TVL today is $60.26 Billion, an 8.98% increase since June 23.

Liquidapps (DAPP) gained 124.05% this week, as did aergo(AERGO) which increased 118.57% and Enecuum (ENQ), who gained 112.86%. The week’s biggest losers in terms of smart contract coin losses during the past week include salt (SALT), down 35.82%, edgeware (EDG), down 13.28%, and aurora (AOA), down 10% this week.

What do you think about the gains smart contract tokens have seen leading up to The Merge and Cardano’s Vasil hard fork? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman is the News Lead for Bitcoin.com News. He also lives in Florida and works as a journalist covering financial technology. Redman joined the cryptocurrency community in 2011 and has been an active member ever since. Redman is passionate about Bitcoin and open-source codes. Redman has contributed more than 6000 articles to Bitcoin.com News since September 2015. These articles are about disruptive protocols that are emerging.