Solana (SOL) and Enzyme (MLN) bounce back while the wider market remains flat

Published on: 12.06.2021

Significant price corrections like the one we see in May inflict widespread pain for a majority of market holders. While these periods are useful to help shakeout the weak hands and eliminate unnecessary projects, they also offer strong performers the opportunity to stand out.

Two projects have remained strong despite the recent correction in the market. Less than 20% from their highs established prior to the May 18 market sell-off are #Solana (SOL) and #Enzyme (MLN).

What is Enzyme?
Enzyme is a #Defi protocol designed for on-chain asset management and meant to empower investors to build, scale and monetize investment strategies that can be utilized by other members of the Enzyme community.

What is Solana?
Solana is a fast, secure, and censorship resistant blockchain providing the open infrastructure required for global adoption.

🔎 HEADLINES

Market Stats:
BTC Dominance: 63.32%(-0.08%/24h)
ETH Dominance: 7.31%(+0.01%/24h)
Defi Market Cap: $88.28B(+15.06%/24h)
Total Market Cap: $2966.15B(+1.01%/24h)
Total Trading Volume 24h: $89.5B(+49.17%/24h)
ETH Market Cap: $216.94B
Defi to ETH Ratio: 40.7%
Defi Dominance: 2.87%
Altcoin Market Cap: $1088.07B
Altcoin Volume 24h: $57.43B
Total Cryptocurrencies: 34387
Active Cryptocurrencies: 9835
Active Market Pairs: 100692
Active Exchanges: 809
Total Exchanges: 10373
BTC: 94579.57$(-0.27%/1H)
ETH: 1796.4$(0.06%/1H)
AVAX: 21.77$(-0.21%/1H)
BNB: 605.45$(0.09%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.7$(0.2%/1H)
DOT: 4.28$(0.1%/1H)
UNI: 5.41$(-0.08%/1H)
CAKE: 2.1$(0.73%/1H)
SUSHI: 0.69$(-0.09%/1H)
ONE: 0.01$(-1.53%/1H)