Crypto industry’s leading data and research firm Kaiko revealed some of the best performing tokens in this min-bull rally since 2023-end and 2024. The bulls are driving the crypto market towards a new all-time high as these new projects and tokens enter the space.

Crypto Tokens Recorded $8 Billion in Spot Trading Volume

Kaiko on February 22 reported eight crypto tokens that saw $8 billion in net trading volume since the bull run started in November 2023. These tokens were launched in 2023 and early 2024, with some continuing to see massive trading volumes daily.

The weekly spot volume on centralized exchanges for new tokens including Bittensor (TAO), Dymension (DYM), Pyth Network (PYTH), Sui (SUI), Aptos (APT), Jupiter (JUP), Sei (SEI), and Celestia (TIA) is $8 billion.

Bittensor (TAO) Performance

Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine learning network, enabling the development and application of AI models. TAO price has rallied more than 550% since November last year, with a continuous jump in trading volumes. The price hit a new all-time high (ATH) of $698.62 on February 16 amid AI buzz.

The price is currently trading at $624, up nearly 10% over the last 24 hours and 145% in a month. Experts predict upside momentum amid AI hype can take price above $1,000.

Dymension (DYM) Powering RollApps

Dymension is a home for easily deployable and lightning fast app-chains called RollApps, enabling interoperability and communication between different blockchain ecosystems. DYM price has soared 52% since its launch in January end. The price currently trades at $7.07, up 2% in the last 24 hours. It hit an ATH of $8.66 on February 14.

Pyth Network (PYTH)

Pyth Network is the largest and fastest-growing first-party oracle network, delivering real-time market data to financial dApps across blockchains. PYTH price hit ATH of $0.683 on Feb 14 after debut in January. It has rallied over 60%, with sustainable trading volumes. In the last 24 hours, the price jumped 2% to $0.549. The market cap is $834 million at the time of writing.

Sui Network (SUI) Remarkable Run

Sui is a Layer 1 blockchain designed to make digital asset ownership fast, private, secure, and accessible. It is backed by Sui Foundation, which is dedicated towards Sui by supporting its builder and creator community.

SUI price jumped over 3% in the last 24 hours, with the price currently trading at $1.69. It has rallied over 360% since November. SUI hit a high of $1.96 on February 14.

Aptos (APT) Gains Significant Attention

Aptos is termed as independent Layer 1 blockchain focused on safety and scalability driving growth within a decentralized network and developer ecosystem. Aptos price gained significant attention since launch last year. APT price has rallied 120% since November and hit a recent high of $10.75 on Dec 27. In the last 24 hours, the price jumped 2% to $9.38. The market cap is $3.44 billion at the time of writing.

Jupiter (JUP)

Jupiter is a Solana DEX considered as the best on-chain trading platform for spot aggregation, DCA, and perpetuals, delivering essential liquidity infrastructure for the Solana ecosystem. Jupiter recently launched its token JUP on January 31.

JUP price has dropped but it holds significant promise. JUP price currently trades at $0.48, up 1% in the past 24 hours. The market cap is over $650 million at the time of writing.

Sei (SEI)

Sei is the trading-focused Layer 1 blockchain backed by prominent investors and designed for speed, low fees, and other features that support trading applications.

SEI price has rallied 750% since November and hit ATH of $1.03 on February 18. In the last 24 hours, the price is under correction, with an 11% drop to $0.85. The market cap is $2.17 billion at the time of writing.

Celestia (TIA)

Celestia (TIA) is the first modular blockchain network that enables anyone to easily deploy their blockchain with minimal efforts. Similar to Sei and Sui, Celestia is one of the major blockchains contributing to $8 billion trading volume.

TIA price has rallied over 750% since its debut on October 31. The price hit ATH of $20.91 on February 10. In the last 24 hours, the price jumped 2% to $17.43. The market cap is $2.89 billion at the time of writing.

Also Read:

Terra Vs SEC: Court Sets Pretrial Deadline As Do Kwon Set for US Extradition
Ethereum Price Rally Gains Momentum for $4000, Here Why?
Binance To Add WLD, HBAR, FIL, PENDLE Pairs, Will Prices Rally?

The post Best Performing Crypto Tokens That Records $8B Avg Volume In This Bull Rally: Kaiko appeared first on CoinGape.

---

Filed under: News - @ January 1, 1970 12:00 am