Crypto Crash: 5 Biggest Losers

3. Solana (SOL)

Solana (SOL) is token cryptocurrency of the Solana Blockchain Ecosystem, which allows users to build secure, scalable, and decentralized apps and marketplaces in the categories of DeFi (decentralized finance), Web3, NFTs, and more. It is one of the fastest growing crypto ecosystems in the world, and offers exceptionally high processing speeds which provides developers an extra advantage. Solana supports 50,000 TPS (Transactions per second), and has an average cost per transaction of $0.00025.

Solana (SOL) has lost 82% in value since the start of the year, falling from $171 on January 1 to $30.49 as of June 19. It has a market cap of $10.88 billion, and a circulating supply of 342.37 million coins in the market.