Bitcoin Price Bullish Momentum
The crypto market appears to have gained significant strength as the majority of the tokens have been witnessing a significant upswing in the past few days. Altcoins like Cardano and Solana, which are tough competitors within the DeFi and NFT space, are expected to recover from their losses soon.
Solana’s Total Value Locked (TVL)
At its peak, Solana’s Total Value locked (TVL) crossed $10 billion compared to that of ADA which is around $326 million. Solana is also among the largest platform for NFTs, but it suffered a price crash amid a close association with the FTX exchange.
Cardano’s price remained more stable than Solana’s and is displaying a calculated approach. However, the recent descending trend dragged both tokens toward their yearly lows.
If we consider the historical data, then Solana has been a better performer than Cardano. But Cardano chain has never halted or faced a downtime like Solana which has registered its first halt after experiencing nearly 8 times in the previous year.