With The Merge coming next week and Cardano’s Vasil hard fork starting soon after, the market cap of the top smart contract tokens by valuation increased 1.19% in the last 24 hours to $316 billion on September 11, 2022. Also has the market capitalization of the top smart contract crypto assets today has increased 44.35% against the US dollar since the end of June.
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Top smart contract tokens by market capitalization gain more than 44% in 80 days
The top smart contract tokens by market capitalization have rallied heavily over the past two months ahead of Ethereum’s long-awaited merger. When The Merge takes place, the second largest crypto asset by market cap, and the largest smart contract token by valuation, Ethereum (ETH), will transition from proof-of-work (PoW) to proof-of-stake (PoS).
Ethereum has gained a decent value leading up to The Merge which is scheduled to happen in just over two days or around September 14, 2022. In addition to The Merge, Cardano blockchain network is expected to upgrade on September 22. at the time of writing on September 11, 2022, the combined USD value of the top smart contract tokens by valuation is up 1.19% today.
There is $316 billion in total value among the top smart contract cryptocurrencies according to coinmarketcap.com data. The top five smart contract tokens in terms of valuation include ethereum (ETH), bnb (BNB), cardano (ADA), avalanche (AVAX) and ethereum classic (ETC) respectively.
Over the past week, ETH increased by 12.52%, BNB increased by 6.05%, ADA increased by 2.67%, AVAX increased by 8.15%, and ETC increased by 19.34%. The prices of smart contract tokens are much higher than they were 80 days ago when the combined value of all of them was $218.9 billion on June 23, 2022.
That day, ETH changed hands for $1,132 per unit after hitting a low of 877 per ether on June 17. BNB traded at $228 on June 23 and ADA was $0.47 per unit. 80 days ago AVAX was trading at $17.92 and chainlink (LINK) was $6.97. LINK was ahead of ETC that day, but chainlink is now below ethereum classic since ETC’s recent rise.
The total value locked in decentralized financial protocols (defi) increased as well since June 23 when TVL was around $55.29 billion. Today, the defillama.com statistics show that TVL is around $60.26 billion or an increase of around 8.98% since then.
The biggest smart contract token gainers this week include liquidapps (DAPP), up 124.05%, aergo (AERGO), up 118.57%, and enecuum (ENQ), up 112.86%. The biggest losers of the week in terms of smart contract coin losses over the past week include salt (SALT), down 35.82%, edgeware (EDG), down 13.28%, and aurora (AOA), down 10% this week.
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$316 billion, ada, total total value, altcoins, Avalanche, AVAX, bnb, Cardano, cardano (ADA), Chainlink, Cryptocurrencies, decentralized finance, DeFi, ETC, ETH, Ethereum (ETH), Ethereum Classic, LiNK, smart contract coins, Smart Contract Token Value, Smart Contract Tokens, The Merge, total value locked, TVL, Upgrades, Vasil hard fork
What do you think about the gains that smart contract tokens have seen before The Merge and Cardano’s Vasil hard fork? Let us know what you think about this topic in the comments section below.
Jamie Redman is the news editor at Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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