2021 was a crazy year, especially for altcoins. Today, we take a look at some of the best performers, but not only in price.
Solana achieved something special in 2021 in terms of both price performance and overall developments.
Data from DeFi Lama shows that the total value locked in Solana is currently about $11.5 billion, which is a tremendous increase. For comparison – in March this year, it was less than $150 million.In terms of price, SOL surged from about $1.5 in January to $175 at the time of this writing, gaining over 11,000%. It tapped an all-time high at around $260 earlier in the year.BNB was at the forefront of the Binance Smart Chain mania that we observed earlier in the year.
Most recently, Circle announced that its USDC stablecoin went live on Avalahcne in a bid to empower its native DeFi ecosystem. It seems that the narrative is pretty similar to what drove Solana and the Binance Smart Chain to prominence. Avalanche attracted tremendous value locked in various protocols running in its ecosystem and tapped massive partnerships throughout the entire year. Aave gotAxie Infinity’s AXS token is one of those strong performers that baffled everyone in 2021. While it failed to bring the same gains as SHIB, it’s one of the contenders, for sure. The cryptocurrency is up by slightly less than 18,000% in 2021, but that’s not what’s most impressive.
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