Top Performing Metaverse Tokens for December
The Facebook Meta sensation is still on! This turning point brings an explosion of crypto adoption in this holiday season. The birth of the metaverse comes from the rising decentralized finance to high-grossing non-fungible token sales. Today, we will discuss the top metaverse tokens that are currently dominating the market.
Decentraland ()
The first metaverse project to benefit from Facebook’s rebranding to Meta is Decentraland (MANA). This metaverse token was launched in 2017 – it is a blockchain-based decentralized 3D VR platform, offering a community where users can buy and sell virtual real estate NFTs. $MANA is the utility token of the platform. It serves as in-game currency and as incentive tokens for players. The project uses the ERC-721 token standard and utilizes a DAO for governance purposes. Decentraland’s latest collaboration with the Blender Development Fund will open doors for new metaverse projects with the best-in-class 3D technology. Decentraland(MANA) has a current market cap of $6.8 billion.
Harmony (ONE)
Harmony (ONE) is a blockchain platform that utilizes the innovation and usage of decentralized applications (dApps). Its primary strategy focuses on random state sharding that permits quick creation of blocks. ONE token is the native utility token for the platform. Harmony (ONE) has a current market cap of $2.2 billion. Its latest private seed funding round raised $1.7 million, which will be used in the creation of the Harmony Launcher, the world’s first decentralized IDO + IGO, a launchpad and incubator with the use of AMM DEX. Harmony Launcher is set to be an all-in-one incubator platform that will hasten the Harmony platform’s growth and development, while offering investors a wise and secure investment opportunity.
Kadena ()
Stuart Popejay and Will Martino founded Kadena (KDA) to fix one of the most significant issues in the Ethereum Network, namely network congestion. It has a unique private blockchain that serves as an open-source smart contract, and a public chain that allows users to draft their own smart contracts. This innovation makes Kadena one of the fastest options when it comes to transactions per second (TPS). This remarkable TPS results from Kadena’s “braiding” together of multiple blockchains. $KDA has a current coin market cap of $1.9 billion.
Fantom ()
Fantom (FTM) is a DAG smart contract platform that provides DeFi services to developers, using its unique algorithm. Its main goal is to speed up the smart contract platform’s transaction speed for a better DeFi ecosystem. Its mechanism, Lachesis, offers a much bigger capacity and faster finalization of transactions that facilitate DeFi and other smart contract services. $FTM token powers the platform, and it is used for transaction fees, as well as staking reward opportunities. Its latest collaboration with 123swap makes the potential digital asset more attractive. Fantom (FTM) has a current market cap of $3.9 billion.
Solana ()
The Solana (SOL) platform was founded in 2017. It is designed to facilitate decentralized and scalable applications by using proof-of-history combined with proof-of-stake consensus. SOL is the native utility token of the platform. It has a current market cap of $58.2 billion, making it one of the largest cryptocurrencies worldwide. Solana’s unique major feature is its blazing speed, with a maximum of 710,000 TPS. This revolutionary innovation makes it a much more secure and outstanding platform than its rivals.
As the growing metaverse industry starts to boom, many individuals are becoming curious about joining the hype. The best options to put your funds into are the ones that have proven themselves already. Hence, careful study and further research are highly suggested.
ABOUT THE AUTHOR
See More
Sidebar rates
Add 3442
Related Posts
SaveAdd 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals