During the past 8 months, the Solana network worked flawlessly with no downtime reported since the February 2024 block production issue.
Here are the tokens on Solana worth keeping an eye on at the end of 2024.
3 Solana Tokens To Watch
1. Jito (JITO)
Jito owns roughly 90% of the liquid staking market on Solana, but what stands out even more is its ability to generate revenue.
According to Token Terminal data, Jito’s revenue has been growing since last year. The project generates around $1.4 million in revenue on a weekly basis, compared to last year when it was pulling in around $700-$1,400 per week.
Jito Network is an important contributor to the Solana ecosystem via its JitoSOL liquid staking pool and its collection of MEV products. Now, JTO has a total market cap of $300 million.
2. Raydium (RAY)
According to recent reports from Artemis, more than 60% of all DEX trading volume is currently happening on Raydium.
Also, the fees generated by Raydium have gone up by over 150% in the past 30 days, surpassing $2.6 million, and the revenue is also up by over 140% in the last month, getting close to $370 million.
The DEX’s trading volume is getting close to $840 million, up by more than 87$ in the last 30 days, according to the same data from Dune.
Despite the price drop recorded by the RAY token today of over 3%, the project is worth watching due to the achievements mentioned below.
Raydium is an automated market maker (AMM) and liquidity provider on Solana. RAY now has a market cap of $825 million.
3. Luce (LUCE) Memecoin
LUCE token was listed on exchanges yesterday, and recorded an impressive price surge of over 103% in the past 24 hours. It’s one of today’s top gainers and one of the Solana memecoins that recorded a price surge in the past 24 hours.
At the moment of writing, LUCE has a market cap of $83 million.
All Solana-based memecoins are worth watching since in the past 24 hours their total market cap went up by 4%, according to new data from CoinGecko.
