Two small altcoins built on Solana (SOL) are enjoying the boost after getting a surprise list from Coinbase.
The top crypto exchange in the US suddenly announcement Accepts inbound transfers for Solana-based projects Bonfida (FIDA) and Orca (ORCA).
Bonfida is built on both Solana and Solana-based Serum (SRM) and aims to be an all-in-one platform for data-driven crypto traders. The platform focuses on metrics such as exchange statistics, crypto company reviews and scoring, and crypto trends.
Bonfida also aims to build a decentralized name service solution and a platform for NFT exchanges in Solana. You can use FIDA, the project’s governance token, to vote for the future of the protocol.
After the announcement from Coinbase, FIDA rose from about $ 2.15 to $ 2.75 before the fix. Solana tokens are still recovering from a sharp drop from the record high of $ 18.77 in November and remain down about 86%.
In the same announcement, Coinbase announced that it will list Orca, which aims to be Solana’s most user-friendly decentralized exchange (DEX). Orca is a general purpose automated market maker (AMM) on the Solana blockchain that allows users to exchange tokens, bet and earn yields.
Following Coinbase’s list, ORCA rose from about $ 3.51 to $ 4.16, making a rapid profit of 18%. ORCA has risen by more than 70% in a week at the time of writing and by more than 19% in the last 24 hours.
Coinbase’s list of Solana-based projects follows last week’s report listing a new class of assets from Ethereum’s competitor ecosystem. The exchange is actually planning to list altcoin from Solana’s smart contract token standard, the Solana Program Library (SPL), according to sources.
At the time of writing, Solana was trading at $ 112, up 22% last week, but has fallen sharply from a record high of $ 260.
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Featured images: Shutterstock / teez / Natalia Siiatovskaia