- Messari revealed the results of their latest operational Nakamoto coefficient calculations.
- The firm’s calculations showed that Solana was the most resilient blockchain network.
- At press time, SOL’s price was down more than 8% and was trading at $18.46.
The market intelligence firm Messari noted in a Twitter thread published earlier today that Solana (SOL) is one of the most resilient networks. According to the tweet, the firm calculated that the Solana network has an operational Nakamoto coefficient of 1.9.
Messari also revealed the operational Nakamoto coefficients for Alanache (AVAX), Cardano (ADA), Near Protocol (NEAR), and Aptos (APT) in their tweet. All of these networks were determined to be less resilient than Solana by the firm.
Messari mentioned in another tweet that the ratio of staked SOL to circulating SOL is 71%. According to the post, there are 392 million SOL staked of the 396 million SOL tokens that are in circulation. As a result, SOL was ranked second behind APT in this regard, with its staking ratio of 85%.
At press time, SOL’s price was down more than 8% according to CoinMarketCap. The altcoin’s price stood at $18.46, which was a significant drop from its daily high of $20.20. Meanwhile, the crypto’s 24-hour low was at $18.29. SOL’s recent price drop pushed its weekly performance further into the red at -10.54%.
Its daily trading volume also dropped just over 8%. As a result, the total 24-hour trading volume for SOL stood at $400,567,153 at press time.
In addition to weakening against the dollar over the past 24 hours, SOL was also outperformed by the two market leaders Bitcoin (BTC) and Ethereum (ETH). At press time, SOL was down 6.63% against BTC and 6.30% against the largest altcoin by market cap. This meant that 1 SOL was worth 0.0007008 BTC and 0.01005 ETH.
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